It would sure be easy if we could just give you the name of the single company that has the cheapest rate quotes in Massachusetts. It’s just not that easy, however, as there are a lot of unknowns like if you own a home, whether you are female or male, and if you have a tendency to get pulled over. This article should teach you a little about the best ways to pay less and will give you a good start in finding the cheapest car insurance in Massachusetts.
Trying to find affordable insurance is not the easiest thing to do, and determining which company offers the most affordable auto insurance rates for teenage males may require even more shopping around. Every insurance company uses a slightly different approach to establish rates, so let’s begin by examining the auto insurance companies with the overall cheapest rates in Massachusetts.
We do need to point out that Boston, MA auto insurance rates are based on many factors which can substantially decrease or increase the cost of a policy. This price variability is why consumers need to compare as many rates as possible when trying to find the lowest car insurance quotes for teenage males. Car insurance prices are determined by many risk factors and can increase or decrease at any time, so the most economical company six months ago may now be quite expensive.
Compare Cheap Insurance Quotes for Teens
|Rank||Company||Cost Per Year|
|2||National Grange Mutual||$831|
|8||Norfolk and Dedham||$1,036|
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State Farm normally has some of the best car insurance rates in Boston at around $741 annually. National Grange Mutual, GEICO, Commerce Group, and OneBeacon also are some of the cheapest Boston, MA car insurance companies.
As illustrated above, if you are currently insured with Commerce Group and switched to National Grange Mutual, you could realize an annual savings of in the neighborhood of $53. Insureds with OneBeacon could save as much as $81 a year, and Arbella insureds might lower prices by $179 a year.
Be aware that those premiums are averaged for all drivers and vehicles and and are not calculated with a specific location for teenage males. So the company that can offer you the best price may not even be in the top 21 companies shown above. That point stresses why you need to get car insurance quotes using your own individual information.
For teen boys, one of the more important considerations that help determine the amount you pay for auto insurance is where you call home in Boston. Larger areas tend to have higher rates, whereas more rural areas benefit from lower rates.
The next table lists the most expensive places in Massachusetts for teenage males in which to purchase auto insurance. Boston is ranked at #7 with a yearly cost of $1,752 for the average insured, which is around $146 each month.
|Rank||City||Average Per Year|
|Compare Rates Now Go|
Prices are comparative as the specific zip code location can increase or decrease prices substantially.
The car, truck, or SUV you are seeking coverage for is one of the biggest factors that determines whether or not you find affordable coverage for teenage males. Vehicles with lots of speed or power, a lack of advanced safety features, or high incidents of liability claims will cost much more to insure than more modest models.
The list below outlines auto insurance costs for a selection of the cheapest automobiles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$1,506|
|Honda Odyssey LX||$1,514|
|Honda CR-V EX-L 4WD||$1,599|
|Ford Escape XLT 4WD||$1,605|
|Toyota Tacoma 2WD||$1,604|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,617|
|Ford Explorer XLT 2WD||$1,688|
|Toyota Camry XLE||$1,723|
|Ford F-150 XLT Super Cab 4WD||$1,726|
|GMC Sierra 2500HD SLE Extended Cab 4WD||$1,752|
|Jeep Grand Cherokee SRT-8 4WD||$1,757|
|Ford Fusion S 4-Dr Sedan||$1,786|
|Dodge Grand Caravan Hero||$1,795|
|Jeep Wrangler Unlimited Rubicon 4WD 4-Dr||$1,797|
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Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Prices do not factor in vehicle location which can increase or decrease insurance rates considerably.
Looking at the numbers, you can figure that makes and models like the Honda Accord, Honda Odyssey, Honda CR-V, and Ford Escape are most likely going to be some of the less-costly vehicles to insure for teen boys.
Insuring your vehicle with the best car insurance provider can be rather challenging considering how many choices you have in Boston. The information displayed below could help you decide which car insurance providers to look at purchasing coverage from.
These rankings only include companies that write coverage in many states, so companies without a large exposure are not included in the list. To compare rates from many more Massachusetts auto insurance companies, click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|Compare Rates Now Go|
Data Source: Insure.com Best Car Insurance Companies
Rate comparison of full coverage and liability-only
Reducing the cost of auto insurance is important to the majority of drivers, and an effective way to save on the cost of insurance for teenage males is to not buy full coverage. The illustration below compares insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Massachusetts. The prices are based on a clean driving record, no at-fault accidents, $500 deductibles, single marital status, and no discounts are applied to the premium.
If the expense is averaged for all age categories, physical damage coverage costs an extra $1,576 per year more than just insuring for liability. That is a large expense and it proposes the question if physical damage coverage is worth the money. There is no definitive formula that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let’s assume your vehicle’s book value is $7,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company would pay you is $6,500 after the deductible is paid. If premiums are more than $650 a year for full coverage, the it may be a good time to stop paying for full coverage.
There are some scenarios where eliminating full coverage is not in your best interest. If you haven’t paid off your loan, you have to maintain full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
Here’s why you should shop around
Boston auto insurance rates are calculated based on many things that will increase or decrease your annual premium. Simply improving your credit, buying a home instead of renting, or getting a couple of tickets may generate price changes resulting in some companies being more affordable than others.
Also, companies change prices at least once a year in order to protect their financial rating. A period of increased losses may result in more expensive premiums, while lower claims may result in more affordable Boston car insurance rates.
The data below shows a variety of companies that have the cheapest car insurance in Boston, MA for a 35-year-old male driver with no prior claims, no tickets, and a decent credit rating. If we look at prices based on his current risk profile, State Farm offers the best car insurance rates in Boston at $980 a year. This is $255 less than the average rate paid by Massachusetts drivers of $1,235. National Grange Mutual, Commerce Group, OneBeacon, and GEICO round out the rest of the most affordable Boston, MA auto insurance companies.
In this next rate comparison, we will give the driver in the first chart some claims, poor credit, and a few blemishes on his driving record. Since every car insurance company uses a different method for establishing rates, comparing quotes will most likely result in a different ranking of affordable companies as shown below.
Arbella now has the best price in Boston, MA with Norfolk and Dedham, USAA, Amica, and OneBeacon also being competitive. This illustrates why Boston drivers need to shop around to get the cheapest insurance quotes for teenage males. Insurance prices are made up of many factors and can change without notice, so the most economical company two years ago may now be quite expensive.
Tips for finding more affordable auto insurance for teenage males
It is possible to find better rates, and here are some of the better money-saving ideas that can help Massachusetts drivers locate cheap auto insurance.
- Accident-free drivers may qualify for discounts
- Violations and traffic tickets increase rates
- Lower rates by purchasing a safer vehicle
- Pay lower rates with good credit
- Claim-free policyholders usually earn a discount
- Compare price quotes at least once a year
The last tip is extraordinarily valuable, as was discussed in the prior article. Coverage rates in Boston change constantly, so don’t be afraid to change to a new company if a cheaper price is available.
Brand loyalty is not necessarily bad, but is isn’t recommended if that faithfulness ends up costing you money that could be spent on other things. If you have a few minutes, compare prices to find cheaper car insurance for teenage males.
The insurance agencies listed below can probably help you determine which car insurance policy is best, as lots of people like to have the advice of a professional agent when comparing insurance rates for teenage males. It can be complicated to find the best coverage yourself, and getting advice from a licensed agent can add comfort knowing your coverage gives you sufficient coverage for your assets.
To find a Boston insurance agent closest to you, click the button below the list.
Sbhu Life Insurance Agency: Weinstein Keith
28 State St # 25 – Boston, MA 02109 – (617) 570-9519
Massamont Insurance Agency Inc
280 Summer St – Boston, MA 02210 – (617) 478-5205
HR Hatch Insurance Agency
4401 Washington St – Roslindale, MA 02131 – (617) 325-5522