The car, truck, or SUV needing coverage is one of the biggest factors when comparing the cheapest car insurance for drivers under 25. Vehicles with high performance engines, poor safety features, or a high likelihood of having liability claims will cost substantially more to insure than safer models. The next table ranks coverage premiums for a number of the most budget-friendly automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$3,573|
|Jeep Wrangler Sport 4WD 2-Dr||$3,655|
|Ford Escape Limited 4WD||$3,890|
|Volkswagen Jetta S 2.5 Station Wagon||$3,898|
|Ford F-150 XLT Regular Cab 2WD||$3,922|
|Dodge Grand Caravan SE||$3,975|
|Ford Edge SEL AWD||$4,187|
|Honda Odyssey EX||$4,197|
|Toyota RAV4 Sport 4WD||$4,240|
|Toyota Tacoma Double Cab 4WD||$4,247|
|Jeep Grand Cherokee Laredo 4WD||$4,240|
|Chevrolet Malibu LT||$4,293|
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Prices above based on single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in specific zip code location which can revise insurance rates greatly.
Based upon these rates, we can infer that cars like the Honda CR-V, Jeep Wrangler, Ford Escape, and Volkswagen Jetta are going to be some of the cheapest vehicles to insure for drivers age 25 and younger. Car insurance rates will tend to be more expensive because there is more claim risk for drivers under 25, but in general those particular vehicles will probably have the lowest prices that you are likely to find.
One of the many things that aid in calculating the cost of insurance is your zip code. Regions with larger populations or more claims are more likely to pay higher prices, whereas areas with less people or fewer weather incidents have the benefit of cheaper auto insurance prices.
The information below sorts the highest-priced places in Massachusetts for drivers under 25 to buy an auto insurance policy in. Boston is listed at #8 with an annual cost of $1,735 for car insurance, which is around $145 per month.
|Rank||City||Premium Per Year|
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Premium amounts are comparative as the garaging address in Boston can affect prices greatly.
Finding a high-quality insurance company is hard considering how many companies sell coverage in Massachusetts. The rank data shown below may help you analyze which car insurance providers to look at comparing price quotes from. The rankings below are only comprised of the largest companies in the United States, so smaller companies are not included in the list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Discounts on Boston auto insurance
Car insurance companies that offer cheap quotes for drivers under 25 may also provide discounts that could potentially reduce rates by 30% or more if you are eligible. A few of the larger companies and a selection of discounts are detailed below.
- Progressive may have discounts that include multi-vehicle, good student, continuous coverage, online quote discount, homeowner, multi-policy, and online signing.
- Farmers Insurance has savings for distant student, multi-car, early shopping, mature driver, and homeowner.
- Farm Bureau offers discounts for 55 and retired, renewal discount, multi-vehicle, youthful driver, and driver training.
- State Farm includes discounts for defensive driving training, multiple policy, Steer Clear safe driver discount, passive restraint, student away at school, anti-theft, and Drive Safe & Save.
- GEICO may offer discounts for membership and employees, daytime running lights, driver training, emergency military deployment, and military active duty.
- SAFECO offers premium reductions for anti-theft, teen safe driver, bundle discounts, homeowner, accident prevention training, multi-car, and anti-lock brakes.
- Liberty Mutual policyholders can earn discounts including multi-car, multi-policy, new graduate, good student, and preferred payment discount.
The example below shows the comparison of auto insurance costs with and without discounts being applied to the rates. The rate quotes are based on a female driver, no violations or accidents, Massachusetts state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with vehicle safety, continuous coverage, passive restraint, anti-theft, good student, and paperless filing discounts applied. With discounts applied, theaverage amount saved on auto insurance for drivers under 25 is 21% or $384.
The chart below illustrates how your deductible choice can raise or lower insurance rates when quoting cheap insurance for drivers under 25. The data is based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
The chart above illustrates that a 50-year-old driver could reduce rates by $306 a year by switching from a $100 deductible to a $500 deductible, or save $462 by switching to a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, could reduce their rates up to $762 every year just by choosing higher deductibles. When raising deductibles, it’s a good idea to have plenty of money set aside to allow you to cover the extra out-of-pocket expense that is associated with using high deductibles.
Here’s why price comparisons are so important
Boston, MA auto insurance rates are determined by lots of factors that will increase or decrease your annual premium. Simply improving your credit, marrying your spouse, or having a fender bender can trigger changes in premium resulting in some companies being affordable when they were higher priced.
Not only that, but insurers change their prices without warning in order to remain profitable. An extended period of higher than normal claims can result in higher rates, while a profitable period may produce lower-cost Boston car insurance rates.
As an example, the chart below shows which companies have the cheapest car insurance in Boston, MA for a 30-year-old male driver with no violations or accidents, and good credit. If we estimate rates based on his current rating profile, State Farm might offer the best car insurance rates in Boston at $980 annually. This is $255 less than the average premium paid by Massachusetts drivers of $1,235. National Grange Mutual, Commerce Group, OneBeacon, and GEICO are the remaining top five cheapest Boston, MA auto insurance companies.
In this example, we will give the driver in the first chart an accident surcharge, a lower credit score, and a couple of points charged on his driving record. Due to the fact that each insurance company has their own process for filing rates in each state, comparing quotes may now show a different set of cheap Boston auto insurance companies as shown below.
Arbella now has the cheapest insurance rate in Boston with Norfolk and Dedham, USAA, Amica, and National Grange Mutual now being in the top five. This example shows why consumers need to take the time to spend some time comparing rates when trying to get cheap insurance quotes for drivers under 25.
Prices are influenced by many things and can change substantially, so the most affordable company the last time you shopped around may now be quite expensive.
The insurance agencies below can help you make a decision which is the best policy, as some people have coverage questions and would like to have the advice of a professional agent when shopping for cheaper insurance for drivers age 25 and younger. It’s not always simple to find the cheapest rate yourself, and insurance agents can bring comfort knowing your policy gives you enough coverage if you have a claim. To locate a Boston auto insurance agent using an interactive map, click the button following the list.
Ann M Foley Insurance
657 Gallivan Blvd – Boston, MA 02124 – (617) 282-5659
Boyd Insurance Agency
296 Bennington St – Boston, MA 02128 – (617) 567-5710
31 St James Ave – Boston, MA 02116 – (888) 991-1091
125 High St – Boston, MA 02110 – (617) 443-9300
Massamont Insurance Agency Inc
280 Summer St – Boston, MA 02210 – (617) 478-5205