Who Has the Cheapest Boston Auto Insurance Rates for Drivers Requiring a SR22?

The words “bargain” and “insurance” really shouldn’t be used together, in particular when comparison shopping for the best insurance rates for drivers requiring a SR22. Let’s familiarize you with some of the things that have an effect on auto insurance premiums, and see if you can cut the cost of the next policy you buy.

The car, truck, or SUV that needs insurance is a significant factor when comparing quotes for cheap car insurance for drivers requiring a SR22. Vehicles with higher performance, a lack of advanced safety features, or a history of substantial liability claims will cost much more to insure than safer models. The table below outlines car insurance premiums for a number of the cheapest vehicles to insure in Massachusetts.

Cheapest Vehicles to Insure in Boston, MA
Insured Vehicle Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $4,538
Honda CR-V LX 4WD $4,676
Ford Escape XLT 4WD $4,790
Volkswagen Jetta S 2.5 Station Wagon $4,836
Jeep Wrangler Sport 4WD 2-Dr $4,973
Toyota Prius $5,093
Dodge Grand Caravan SE $5,284
Ford Explorer XLT AWD $5,293
Ford F-150 STX Super Cab 2WD $5,291
Honda Odyssey EX $5,322
Toyota Camry LE $5,375
Chevrolet Malibu LS $5,594
Chevrolet Impala LT $5,601
Chevrolet Equinox LT AWD $5,594
Toyota RAV4 Sport 2WD $5,602
Toyota Tacoma Double Cab 4WD $5,594
Nissan Altima Hybrid 4-Dr Sedan $5,671
Jeep Grand Cherokee Limited 4WD $5,678
GMC Sierra SLT Extended Cab 4WD $5,671
Honda Civic VP 4-Dr Sedan $5,742
Dodge Ram 3500 Crew Cab ST 2WD $5,772
Ford Focus SES 4-Dr Sedan $5,775
Toyota Corolla LE $5,798
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Cost estimates assume single male driver age 40, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Prices do not factor in specific garaging location which can raise or lower insurance rates noticeably.

Based upon the table data, vehicles like the Hyundai Elantra, Honda CR-V, Ford Escape, and Volkswagen Jetta are going to be a few of the most budget-friendly vehicles to insure for high risk drivers. The cost of auto insurance will tend to be more expensive just due to the fact that there is more liability exposure for drivers requiring a SR22, but overall those specific models will tend to have the cheapest car insurance rates available.

Deciphering which company offers the cheapest insurance rates for drivers requiring a SR22 will involve a little more work in order to find the lowest price quote. Each insurance company has a different formula to determine rates, so let’s examine the insurance companies that tend to have lower prices in Massachusetts.

Compare Cheap Insurance Quotes for SR22 Drivers

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Cheapest Massachusetts car insurance ranked by price
Rank Company Cost Per Year
1 State Farm $733
2 National Grange Mutual $831
3 GEICO $850
4 OneBeacon $885
5 Commerce Group $911
6 Progressive $989
7 Arbella $1,010
8 Norfolk and Dedham $1,036
9 USAA $1,066
10 Amica $1,109
11 Travelers $1,310
12 Quincy Mutual $1,320
13 Vermont Mutual $1,336
14 Hanover $1,358
15 Safety Group $1,366
16 Peerless $1,399
17 MetLife $1,439
18 Plymouth Rock $1,588
19 Liberty Mutual $1,736
20 Allstate $1,738
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State Farm offers some of the lowest car insurance rates in Boston at around $733 per year. This is $502 less than the average rate paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, OneBeacon, and Commerce Group also make the cut as some of the best Boston, MA car insurance companies.

In the above example, if you currently have coverage with National Grange Mutual and switched to State Farm, you could realize a yearly savings of about $98. Insureds with GEICO may save as much as $117 a year, and OneBeacon customers might cut rates by $152 a year.

Be aware that those premiums are averages across all ages of drivers and types of vehicles and do not take into consideration an exact location for drivers requiring a SR22. So the company that can offer the best rates for your situation may not even be in the list above. That illustrates why you need to compare as many prices as possible using your own specific driver information and vehicle.

Types of discounts on Boston insurance rates

Insurance for high risk drivers in Boston, MAInsurance providers that offer cheap quotes for drivers requiring a SR22 may provide price discounts that could lower prices by 35% or more if you qualify. A few of the larger companies and a summarized list of policyholder discounts are detailed below.

The example below compares insurance rates with and without discounts applied to the policy premium. The prices are based on a male driver, one traffic citation and two accidents, Massachusetts state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with multiple vehicle, passive restraint, vehicle safety, continuous coverage, marriage, and paid-in-full discounts applied. When discounts are factored in, theaverage yearly reduction on insurance for drivers requiring a SR22 is 29% or $1,277.

Does full coverage make sense?

Reducing the cost of insurance should be important to the majority of vehicle owners, and one way to find cheaper insurance for drivers requiring a SR22 is to not pay for full coverage. The information below illustrates the difference between annual premium costs when comparing full coverage to liability only. The rates are based on no tickets, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are applied.

As an average, full coverage costs $2,566 per year more than carrying just liability coverage. Many people question if physical damage coverage is worth the money. There is no written rule for excluding full coverage, but there is a general convention. If the annual cost of your full coverage insurance is more than about 10% of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

If you aren’t clear which coverage you need and would like to get some help when shopping for the best coverage for drivers requiring a SR22, the agencies below are willing to provide answers to your questions and help you determine which auto insurance policy would work best for you. To locate an agency by location nearest to you, click the link at the bottom.

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How to find low-cost car insurance for drivers requiring a SR22

The list below summarizes many penny-pinching ideas that can help you quote cheaper coverage.

The final tip is certainly significant, as we noted in this piece. Car insurance rates can change considerably in a year, so don’t be unwilling to switch carriers if a better rate can be found.

Many consumers stick with the same company and that’s fine, but is isn’t recommended if it’s costing you a considerable chunk of change every month. If you have a few minutes, shop around and find cheaper auto insurance for drivers requiring a SR22 in Boston.