The words “cheap” and “insurance” really shouldn’t be used together, in particular when shopping around for the lowest insurance prices with multiple speeding tickets. To save some money, let’s take a look at a few of the factors that determine auto insurance premiums, and figure out some ideas to slash the price of the next policy you buy.
After a few driving violations, one of the largest components that are looked at to determine the cost of insurance is where you keep your vehicle. Cities with larger populations likely pay more, whereas areas with less people or fewer weather incidents receive better rates.
The following table shows the highest-priced places in Massachusetts with multiple speeding tickets to purchase car insurance in. Boston shows up at #7 with a yearly premium of $1,805 for the average policyholder, which is about $150 per month.
|Rank||City||Premium Per Year|
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Rates are comparative as the garaging address in Boston can modify coverage rates substantially.
Trying to buy affordable auto insurance is not always easy, and finding out which company offers the cheapest car insurance rates with multiple speeding tickets may require even more diligence.
Every auto insurer uses a little different formula for establishing rates, so let’s begin by examining the car insurance companies with the overall best prices in Boston. It’s important to know that Boston car insurance rates are impacted by many things that control the price of your policy. Simply improving your credit, marrying your spouse, or getting caught speeding can trigger changes in premium that can make some companies more expensive than others.
Best Car Insurance Prices with License Points
|Rank||Company||Cost Per Year|
|2||National Grange Mutual||$823|
|8||Norfolk and Dedham||$1,036|
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State Farm offers some of the cheapest car insurance rates in Boston at around $741 each year. This is $494 less than the average price paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, OneBeacon, and Commerce Group also qualify as some of the best Boston, MA insurance companies.
In this example, if you are a policyholder with National Grange Mutual and switched to State Farm, you may realize a yearly price reduction of around $82. Customers with GEICO could save as much as $109 a year, and OneBeacon customers might cut rates by $135 a year.
Bear in mind that those premiums are averaged across all insureds and vehicles and are not factoring in a vehicle location with multiple speeding tickets. So the insurer that is best suited for you may not even be in the top 21 companies shown above. That illustrates why you need to compare prices as often as possible using your own driver information and specific vehicle type.
The type of vehicle to be insured is probably the biggest factor that determines whether or not you find the best car insurance with multiple speeding tickets. Vehicles with lots of speed or power, a lack of modern safety features, or a track record of large liability claims will cost quite a bit more to insure than safer, lower-performance models.
The list below shows insurance premiums for the more affordable automobiles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$2,030|
|Honda Accord LX 4-Dr Sedan||$2,218|
|Ford F-150 XLT Regular Cab 2WD||$2,226|
|Jeep Wrangler Sport 4WD 2-Dr||$2,229|
|Dodge Grand Caravan SE||$2,272|
|Ford Escape Limited 2WD||$2,275|
|Volkswagen Jetta S 4-Dr Sedan||$2,407|
|Ford Edge SEL 2WD||$2,517|
|Honda Odyssey EX-L W/Rear Entertainment||$2,541|
|Toyota Camry SE||$2,546|
|Jeep Grand Cherokee Laredo 2WD||$2,568|
|Chevrolet Malibu LS||$2,573|
|Kia Optima LX||$2,576|
|GMC Sierra SLT Extended Cab 2WD||$2,584|
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Above prices assume single male driver age 40, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, and claim-free. Premium costs do not factor in Boston, MA location which can decrease or increase premiums substantially.
Based upon these rates, models like the Honda CR-V, Honda Accord, and Ford F-150 will definitely be some of the most economical vehicles to insure after a few driving violations.
The illustration below shows how different deductible levels can change insurance costs when researching cheap insurance with multiple speeding tickets. The rates are based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
A 40-year-old driver could lower their policy premium by $330 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $496 by choosing a $1,000 deductible. Even younger insureds, like the 20-year-old, could reduce their rates $1,084 every year by using a higher deductible.
When choosing a higher deductible, it will be necessary to have plenty of money set aside to be able to pay the extra out-of-pocket expense associated with higher deductibles.
Car insurance company ratings
Finding a high-quality auto insurance provider is hard considering how many different companies insure vehicles in Massachusetts. The ranking data listed below could help you choose which auto insurance companies to look at buying from.
The ratings below include major nationwide insurance companies, so smaller regional companies are not included in the list. If you would like to check rates from these and other companies in Massachusetts, simply click here.
Top 10 Large Auto Insurance Companies in Boston Ranked by Claims Service
- Liberty Mutual
- State Farm
- The Hartford
- Farmers Insurance
- AAA Insurance
Top 10 Large Auto Insurance Companies in Boston Ranked by Customer Service
- The Hartford
- American Family
- State Farm
- Farmers Insurance
- Safeco Insurance
Should you buy full coverage?
Lowering the price of car insurance is probably important to the majority of vehicle owners, and a great way to find cheap insurance with multiple speeding tickets is to only buy liability insurance. The diagram below shows the comparison of car insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Massachusetts. The information is based on no claims or driving citations, $500 deductibles, drivers are single, and no discounts are applied.
As an average, comprehensive and collision coverage on your policy costs an extra $2,103 per year over and above liability only. Many of you may wonder if buying full coverage is worth the expense. There is no exact formula to stop paying for full coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let’s say your vehicle’s replacement value is $7,500 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $6,500 after the deductible is paid. If premiums are more than $650 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.
Chances are good that you’re overpaying for Boston car insurance
Massachusetts car insurance rates are influenced by many factors that can increase the cost of your policy. Simply improving your credit, getting divorced, or getting a ticket for careless driving can produce rate changes that can now make some companies cheaper in comparison to the competition. Not only may your risk profile change, but car insurance companies file new Massachusetts auto insurance rates as often as every three months in order to offset underwriting gains or losses. Significantly higher losses may cause higher priced premiums, while better underwriting can produce lower-cost Boston car insurance rates.
The chart below shows which companies have the cheapest car insurance in Boston, MA for a 40-year-old male driver with a clean driving record, no accidents, and a decent credit rating. If we estimate prices based on his current risk factors, State Farm may offer the most affordable car insurance rates in Boston at $958 each year. This is $277 less than the average price paid by Massachusetts drivers of $1,235. National Grange Mutual, Commerce Group, GEICO, and OneBeacon are also on the list of the most affordable Boston, MA auto insurance companies.
Let’s now give the driver from the first rate comparison an at-fault accident, less-than-perfect credit, and a traffic ticket or two. Since every car insurance company has their own guidelines for determining prices, comparing rates could now result in a new list of the cheapest Boston car insurance companies as shown below.
Arbella now has the cheapest rate in Boston with USAA, Norfolk and Dedham, National Grange Mutual, and Amica now rounding out the top five. This example illustrates why drivers need to compare many different companies to get the lowest insurance rates with multiple speeding tickets.
Insurance rates are made up of many risk factors and can decrease or increase without notice, so the best price two years ago may now be quite expensive.
The Boston auto insurance agencies shown below are a good start to answer your questions and help you decide which coverages you need, since some drivers have questions and prefer to have a consultation when buying car insurance with multiple speeding tickets. It’s not always easy to find the best rates on your own, so professional agents can provide you comfort knowing you have adequate protection in case of an accident or claim. To locate a Boston auto insurance agent by location nearest to you, click the button following the list or click here to get price quotes now.
Massamont Insurance Agency Inc
280 Summer St – Boston, MA 02210 – (617) 478-5205
Richard Soohoo Insurance
1148 Washington St – Boston, MA 02118 – (617) 338-8168
Alan J Ross Insurance Agency Inc
225 Franklin St – Boston, MA 02110 – (617) 449-9413