The make and model of vehicle on the policy is one of the primary factors when consumers are trying to find low-cost coverage for hybrid vehicles. Vehicles with economical engines, a plethora of safety features, or a low likelihood of liability claims will cost less to insure than fast, unsafe models. The next list outlines coverage rates for the most affordable automobiles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 4WD | $1,549 |
| Toyota Tacoma Double Cab 4WD | $1,570 |
| Ford Fusion S 4-Dr Sedan | $1,579 |
| Jeep Grand Cherokee Laredo 2WD | $1,570 |
| Dodge Grand Caravan Crew | $1,599 |
| Ford Explorer Limited 4WD | $1,608 |
| Honda Accord LX 4-Dr Sedan | $1,628 |
| Honda Odyssey EX-L | $1,651 |
| Ford Escape XLT 4WD | $1,667 |
| Nissan Rogue S AWD | $1,680 |
| Ford F-150 Lariat Crew Cab Harley 4WD | $1,711 |
| Hyundai Elantra SE Touring Station Wagon | $1,769 |
| Kia Optima SX | $1,790 |
| Chevrolet Silverado 2500HD LTZ Crew Cab Diesel 4WD | $1,795 |
| Chevrolet Malibu LS | $1,798 |
| Chevrolet Equinox LT 2WD | $1,807 |
| Toyota RAV4 4WD | $1,798 |
| Toyota Prius | $1,808 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $1,826 |
| GMC Sierra 2500HD SLE Crew Cab 2WD | $1,874 |
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Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rate quotes do not factor in garaging location in Boston, MA which can raise or lower premiums substantially.
Based upon the table data, we can conclude that vehicles like the Honda CR-V, Toyota Tacoma, Ford Fusion, and Jeep Grand Cherokee are likely to be the most budget-friendly vehicles to insure for hybrids.
Comparing quotes for reasonably-priced car insurance is easier said than done, and finding out which insurers offer the cheapest auto insurance rates for hybrid vehicles requires even more work.
Every insurance provider uses different criteria to set premium rates, so we’ll take a look at the lowest cost auto insurance companies in Massachusetts.
Best Car Insurance Prices for Hybrids
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | State Farm | $741 |
| 2 | National Grange Mutual | $831 |
| 3 | GEICO | $876 |
| 4 | Commerce Group | $884 |
| 5 | OneBeacon | $903 |
| 6 | Arbella | $1,010 |
| 7 | Progressive | $1,029 |
| 8 | Norfolk and Dedham | $1,046 |
| 9 | USAA | $1,076 |
| 10 | Amica | $1,109 |
| 11 | Quincy Mutual | $1,294 |
| 12 | Vermont Mutual | $1,297 |
| 13 | Travelers | $1,310 |
| 14 | Safety Group | $1,312 |
| 15 | Hanover | $1,358 |
| 16 | MetLife | $1,411 |
| 17 | Peerless | $1,442 |
| 18 | Plymouth Rock | $1,603 |
| 19 | Liberty Mutual | $1,753 |
| 20 | Allstate | $1,808 |
| Find Your Rate Go | ||
State Farm has some of the most affordable car insurance rates in Boston at around $741 per year. This is $494 less than the average policy premium paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon also qualify as some of the lowest-priced Boston, MA car insurance companies.
As the rates illustrate above, if you are a policyholder with OneBeacon and switched to National Grange Mutual, you could see a yearly savings of upwards of $72. Insureds with Arbella could save as much as $179 a year, and Progressive customers might lower prices by up to $198 a year.
Bear in mind that those policy rates are averaged across all types of insureds and vehicles and and are not calculated with an exact location for hybrid vehicles. So the insurer that can offer you the best price may not even be in the top 21 companies in the list above. That illustrates why you need to get rate quotes using your own driver data and vehicle information.
The information below illustrates how your deductible choice can change insurance prices when researching cheap insurance for hybrid vehicles. The price estimates are based on a married male driver, full coverage, and no additional discounts are factored in.
In the chart above, a 30-year-old driver could pocket $258 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $392 by selecting a $1,000 deductible. Youthful drivers, like the Age 20 category, could save as much as $772 or more by choosing larger deductibles on their policy.
If you do raise deductibles, it will now be necessary to have enough funds in savings to pay the extra out-of-pocket expense that is associated with using high deductibles.
Discounts on Boston car insurance rates
Insurers that provide policies for hybrid vehicles may additionally offer special discounts that may potentially lower prices by as much as 35% if you are eligible. A list of companies and a selection of discounts can be found below.
- American Family may include discounts for Steer into Savings, TimeAway discount, air bags, early bird, defensive driver, good driver, and good student.
- Farm Bureau has discounts for youthful driver, multi-policy, 55 and retired, good student, renewal discount, safe driver, and driver training.
- State Farm policyholders can earn discounts including multiple policy, good student, passive restraint, accident-free, and defensive driving training.
- Travelers offers premium reductions for hybrid/electric vehicle, driver training, IntelliDrive, continuous insurance, and student away at school.
- The Hartford may offer discounts for air bag, defensive driver, anti-theft, bundle, vehicle fuel type, and driver training.
- GEICO discounts include five-year accident-free, multi-vehicle, emergency military deployment, membership and employees, military active duty, good student, and seat belt use.
- Progressive has savings for continuous coverage, good student, multi-vehicle, homeowner, multi-policy, and online signing.
The diagram below compares car insurance costs with and without some available policy discounts. The rate quotes are based on a male driver, no claims, a clean driving record, Massachusetts state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with vehicle safety, passive restraint, multiple vehicle, claim-free, marriage, and homeowner discounts applied. When discounts are factored in, theaverage amount saved on auto insurance for hybrid vehicles is 28% or $588.
Your low-price policy may be costing you money
Boston, MA auto insurance rates are impacted by many things that can increase the cost of your policy. Improving your credit score, marrying your spouse, or getting a speeding ticket can trigger rate changes resulting in some companies being cheaper than before. Not only may your situation change, but auto insurance companies change their prices as often as every quarter as an adjustment for underwriting gains or losses. An extended period of higher than normal claims can result in more expensive prices, while lower claim expenses can cause more affordable Boston car insurance rates.
As an example, the data below analyzes the cheapest car insurance in Boston, MA for a 30-year-old female driver with no prior claims, no tickets, and good financial standing. Based on her personal risk profile, State Farm quotes the cheapest car insurance rates in Boston at $967 annually. This is $268 less than the average price paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon are the remainder of the cheapest Boston, MA auto insurance companies.
Now let’s give the driver from the above example a chargeable claim, poor credit, and a traffic ticket or two. Since each auto insurance company has a proprietary formula for determining rates in each state, comparing quotes may result in a new list of the cheapest companies as shown below.
USAA now has the best price in Boston with Arbella, Norfolk and Dedham, Amica, and National Grange Mutual also having competitive pricing. This example demonstrates why it is crucial to take the time to shop around to get affordable insurance quotes for hybrid vehicles. Rates are impacted by many different factors and change frequently, so the cheapest rate a year ago may now be one of the higher cost companies.
How to find the cheapest auto insurance for hybrid vehicles
Lowering your rates is not difficult, and here are some of the better money-saving suggestions that can help Massachusetts drivers get lower-cost coverage.
- Buy your homeowners policy from the same company as your auto insurance
- Safer vehicles cost less to insure
- Good credit can mean cheaper rates
- Do not pay for full coverage if not needed
- Being accident-free can lower rates significantly
- Compare rates and switch if you can find a better deal
The final tip is remarkably valuable, as was affirmed in the prior article. Car insurance rates in Boston change constantly, so drivers shouldn’t be resistant to change to a new company if a lower-cost policy is available.
Many drivers tend to have loyalty to a certain company, but it’s not recommended if that stubbornness costs you money that could be used for better things. Now is a great time to shop around and find cheaper auto insurance for hybrid vehicles.
The agents shown below are willing to help you determine which coverages are best, as many consumers aren’t sure which coverage to buy and prefer to get some professional advice when comparing insurance rates for hybrid vehicles. It can be hard to find the cheapest auto insurance company, and getting advice from a licensed Massachusetts insurance agent can give you satisfaction knowing you have sufficient coverage at claim time. To locate a Boston auto insurance agent close to you, click the button at the bottom or click here to compare prices now.
- Warren Insurance
764 Blue Hill Avenue – Boston, MA 02124 – (617) 265-1414 - MassDrive Insurance Group, LLC
241 A St – Boston, MA 02210 – (866) 963-8231 - Metro Boston Insurance Agency
78 Bennington St – Boston, MA 02128 – (617) 561-3191 - Saratoga Insurance
452 Bennington St – Boston, MA 02128 – (617) 567-1100 - Thomas J. Bennett Insurance Agency
480 Washington St – Dorchester Center, MA 02124 – (617) 825-9676