A recent survey discovered that nearly 70% of customers have bought insurance from the same company for at least the last four years, and nearly 40% of drivers have never even shopped around for affordable coverage. Many consumers in Massachusetts could save an average of up to $588 each year, but most just don’t grasp how much savings they would realize if they changed companies.
It takes a little time, but the best way to get budget Hyundai Ioniq insurance in Boston is to start comparing prices regularly from different companies that insure vehicles in Massachusetts. Rates can be compared by following these steps.
Step 1: Try to understand individual coverages and the factors you can control to keep rates down. Many things that result in higher rates such as high-risk driving behaviors and a poor credit score can be amended by making lifestyle changes or driving safer.
Step 2: Compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can provide rates from one company like GEICO and Allstate, while agents who are independent can provide rate quotes from multiple sources.
Step 3: Compare the price quotes to your existing rates to determine if switching companies saves money. If you find a better price and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
Step 4: Notify your agent or company to cancel your current policy and submit payment along with a signed and completed policy application to your new company or agent. Once received, keep your new proof of insurance certificate with the vehicle registration.
One important bit of advice is to use the same liability limits and deductibles on every quote and and to get price estimates from as many auto insurance providers as possible. This provides a level playing field and a good representation of prices.
To get cheaper Boston car insurance quotes, there a variety of ways to compare rate quotes from many available auto insurance companies in Massachusetts. One of the best ways to compare Hyundai Ioniq insurance prices involves getting comparison quotes online.
Comparison shopping price quotes online is easy and it takes the place of having to go to insurance agents’ offices. Quoting and buying Hyundai Ioniq insurance online eliminates this option unless you have a complicated situation and need the trained guidance that only a licensed agent can provide. However, consumers can comparison shop your insurance online and still use a local agent.
When quoting auto insurance, remember that comparing a large number of companies helps improve the odds of finding better pricing.
The companies in the list below have been selected to offer price quotes in Massachusetts. If you want cheaper auto insurance in Boston, it’s a good idea that you compare several of them in order to get a fair rate comparison.
Three reasons to not skimp on insurance
Despite the fact that insurance is not cheap in Boston, maintaining insurance is required by state law in Massachusetts and it also provides benefits you may not be aware of.
- Almost all states have minimum liability requirements which means you are required to carry specific minimum amounts of liability in order to drive the car. In Massachusetts these limits are 20/40/5 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a loan on your vehicle, it’s most likely the lender will make it mandatory that you have insurance to protect their interest in the vehicle. If you let the policy lapse, the lender may have to buy a policy to insure your Hyundai at a much higher rate and require you to pay the higher price.
- Insurance protects not only your Hyundai but also your financial assets. It will also provide coverage for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.
The benefits of buying insurance greatly outweigh the cost, especially for larger claims. Unknowingly, the average driver is overpaying over $865 each year so it’s very important to do a rate comparison once a year at a minimum to be sure current rates are still competitive.
Take advantage of these ten discounts
Insuring your fleet can be pricey, but you might already qualify for some discounts to cut the cost considerably. Certain credits will be shown when you get a quote, but a few must be asked for before you get the savings.
- Student Discounts – Maintaining excellent grades may save you up to 25%. The discount lasts up until you turn 25.
- Early Payment Discounts – If you pay your bill all at once instead of making monthly payments you could save up to 5%.
- Good Driver Discounts – Drivers without accidents may save up to 50% more than less cautious drivers.
- Defensive Driving Course – Taking a defensive driving class is a good idea and can lower rates if your company offers it.
- Anti-lock Brakes – Vehicles with ABS and/or traction control prevent accidents so companies give up to a 10% discount.
- Anti-theft System – Cars optioned with advanced anti-theft systems can help prevent theft and can earn a small discount on your policy.
- Discount for Multiple Policies – If you combine your auto and homeowners policies with the same insurance company you could save 10% to 20% off each policy.
- New Vehicle Savings – Buying insurance on a new vehicle can get you a discount since new model year vehicles have better safety ratings.
- Student Driver Training – Cut your cost by having your teen driver successfully complete driver’s ed class in school or through a local driver safety program.
- Telematics Discount – Insureds who allow their car insurance company to analyze driving manner through the use of a telematics system such as In-Drive from State Farm or Allstate’s Drivewise system might get better premium rates as long as the data is positive.
Remember that most credits do not apply to your bottom line cost. Most only apply to individual premiums such as liability and collision coverage. Even though the math looks like you would end up receiving a 100% discount, you aren’t that lucky.
A list of companies and their possible discounts are outlined below.
- State Farm may have discounts that include good driver, passive restraint, Drive Safe & Save, defensive driving training, driver’s education, and accident-free.
- Nationwide may include discounts for business or organization, accident-free, easy pay, defensive driving, and Farm Bureau membership.
- GEICO has discounts for defensive driver, emergency military deployment, military active duty, anti-theft, air bags, and daytime running lights.
- AAA offers discounts including pay-in-full, good driver, good student, AAA membership discount, anti-theft, and multi-policy.
- 21st Century offers premium reductions for student driver, theft prevention, 55 and older, air bags, driver training, early bird, and homeowners.
- The Hartford includes discounts for air bag, defensive driver, anti-theft, bundle, good student, and vehicle fuel type.
It’s a good idea to ask all the companies which discounts can lower your rates. Some discounts listed above may not apply in Boston. To view insurers with the best discounts in Boston, follow this link.
How much auto insurance do I need?
When quoting and choosing adequate coverage for your vehicles, there really is no cookie cutter policy. Your needs are not the same as everyone else’s.
Here are some questions about coverages that might point out whether you will benefit from professional help.
- Does my personal policy cover me when driving out-of-state?
- Are rental cars covered under my policy?
- Do I pay less if my vehicle is kept in my garage?
- Do they offer discounts for home and auto coverage?
- Can I pay claims out-of-pocket if I buy high deductibles?
- How long can I keep a teen driver on my policy?
If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an agent. If you don’t have a local agent, simply complete this short form.
When should I have guidance from an agent?
A small number of people prefer to buy from a licensed agent and often times that is recommended An additional benefit of getting free rate quotes online is the fact that drivers can get better rates and still choose a local agent.
To make it easy to find an agent, after completing this short form, your insurance data is instantly submitted to local insurance agents that can provide free Boston car insurance quotes and help you find cheaper coverage. There is no need to find an agent because prices are sent instantly to you. Get lower rates and a licensed agent to work with. If you need to compare prices from a specific company, don’t hesitate to navigate to their website and complete a quote there.
Finding the right insurance company should depend on more than just the bottom line cost. Any good agent in Boston should know the answers to these questions.
- Which companies can they place coverage with?
- Is there a local claims center in Boston?
- Is the agency covered by Errors and Omissions coverage?
- Do they regularly work with personal auto policies in Boston?
- Can you use your own choice of collision repair facility?
- Will the agent or a CSR service your policy?
- Are there any extra charges for paying monthly?
- How are they compensated?
Two types of car insurance agents
If you want to use a local insurance agency, you must know there are a couple different agency structures and how they differ in how they quote coverages. Agents are categorized either independent or exclusive depending on the company they work for.
Exclusive agents can only place business with one company like Allstate and State Farm. They generally cannot provide rate quotes from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents are well trained on their company’s products which helps them compete with independent agents.
Listed below is a list of exclusive agencies in Boston that are able to give price quote information.
Independent Agencies or Brokers
Independent insurance agents are not restricted to one company and that is an advantage because they can write policies with a variety of different insurance companies and get you the best rates possible. If they find a cheaper price, they simply move the coverage in-house which is easy for the insured.
When comparison shopping, we recommend you get insurance quotes from multiple independent agents to get the best comparison.
The following is a list of independent agencies in Boston that can give you price quotes.
Car insurance coverage information
Having a good grasp of insurance helps when choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.
Medical payments and PIP coverage
Med pay and PIP coverage reimburse you for expenses for things like surgery, prosthetic devices and EMT expenses. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.
Since a lot of drivers only carry the minimum required liability limits (Massachusetts limits are 20/40/5), their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.
Comprehensive auto coverage
This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as damage from getting keyed, a broken windshield, damage from flooding, vandalism and hitting a deer. The maximum payout you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
This coverage provides protection from damages or injuries you inflict on people or other property in an accident. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 20/40/5 which means a limit of $20,000 per injured person, a total of $40,000 of bodily injury coverage per accident, and $5,000 of coverage for damaged property.
Liability coverage pays for claims like loss of income, structural damage, bail bonds and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but you should buy higher limits if possible. Massachusetts requires minimum liability limits of 20/40/5 but you should consider buying better liability coverage.
The chart below demonstrates why low liability limits may not be enough.
Collision insurance pays to fix your vehicle from damage from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision can pay for claims such as hitting a mailbox, crashing into a building, sideswiping another vehicle and crashing into a ditch. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible on your Ioniq in order to get cheaper collision rates.
Best auto insurance in Boston
Insuring your vehicle with the best company can be challenging considering how many companies provide coverage in Massachusetts. The ranking data in the lists below can help you select which companies you want to consider putting your business with.
|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
A conclusion for your insurance search
Consumers leave their current company for many reasons like delays in responding to claim requests, poor customer service, policy cancellation or high rates after DUI convictions. It doesn’t matter why you want to switch finding a new insurance company is actually quite simple.
Cheap Hyundai Ioniq insurance in Boston can be bought both online and from local insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. A few companies may not have rates over the internet and these smaller companies only sell coverage through local independent agents.
We just showed you a lot of tips how to find cheap Hyundai Ioniq insurance in Boston. The key thing to remember is the more you quote Boston car insurance, the better chance you’ll have of finding low cost Boston car insurance quotes. You may even find the lowest priced insurance comes from a lesser-known regional company.
Additional information is available below:
- Eight Auto Insurance Myths (Insurance Information Institute)
- Who Has Cheap Auto Insurance Rates for Drivers with Bad Credit in Boston? (FAQ)
- How Much are Auto Insurance Rates for a Toyota Corolla in Boston? (FAQ)
- What Insurance is Cheapest for First-time Drivers in Boston? (FAQ)
- Who Has the Cheapest Boston Auto Insurance Rates for Drivers Over Age 60? (FAQ)
- Who Has the Cheapest Boston Auto Insurance for Drivers Under 21? (FAQ)
- How Much are Boston Auto Insurance Rates for Teenage Males? (FAQ)
- What Insurance is Cheapest for Low Mileage Drivers in Boston? (FAQ)
- How Much are Auto Insurance Quotes for Drivers Over Age 70 in Boston? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Low Income Drivers in Boston? (FAQ)
- Smart Auto Insurance Tips (Insurance Information Institute)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Should I Buy a New or Used Car? (Allstate)
- Side Impact Crash Tests (iihs.org)