How Much Is Car Insurance in Massachusetts? (2023 Averages)
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Car insurance rates vary depending on your age, state of residence, driving record, and policy coverage level. The average car insurance premium in Massachusetts is $1,112 per year, lower than the national average of $1,424. You'll only pay about $547 per year if you have a minimum coverage policy, but if you have a violation on your record, this number rises to $1,384. Meanwhile, if you add a young driver to your policy, the average annual premium goes up to about $3,134.
Different car insurance companies may also offer different rates for the same coverage. In Massachusetts, for example, GEICO charges $730 for a full coverage policy, while Travelers charges $2,356 for the same level of protection.
The Average Cost of Car Insurance in Massachusetts
MoneyGeek’s report on the average car insurance cost in Massachusetts is based on many factors that greatly affect the prices. Among factors such as age, coverage level, driving record and credit score, age has the most significant effect on your record. The second most significant factor is speeding tickets.
Click to find out more about average costs for a given driver profile.
Average Costs of Car Insurance in Massachusetts
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- DriverAverage Annual PremiumAverage Monthly Premium
- The Average Driver$1,112$93
- Drivers Buying Minimum Coverage$547$46
- Adding a Young Driver$3,134$261
- Drivers With a Violation$1,384$115
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Why Are Car Insurance Rates Cheap in Massachusetts?
Massachusetts ranks 21st out of all states for auto insurance rates, putting it on the more affordable end of the scale with average rates more than $300 lower than the nationwide average.
MoneyGeek’s study found that Massachusetts is an affordable state for car insurance rates due to its low percentage of uninsured motorists and its low rate of vehicle thefts and natural disasters.
Average Cost of Car Insurance in Massachusetts: Full Coverage vs. Minimum Coverage
As defined in MoneyGeek’s methodology, the cost of a policy meeting the state minimums for auto insurance in Massachusetts costs an average of $547, while full coverage averages $1,112 per year. The difference in the average costs between both coverages is $565 per year.
The type of coverage you buy greatly affects the average costs of car insurance in Massachusetts. The more coverage you buy, the higher the rate you’ll pay. There are various types of insurance coverage including liability insurance and comprehensive and collision insurance. Comprehensive coverage is pricier as it covers things out of your control such as fire, theft and larceny. Full coverage also covers your own injuries and property damage costs, not just those of third parties.
Average Cost of Car Insurance in Massachusetts by Coverage Level
If you're looking to save money on your car insurance, you can lower your premium by choosing the state-minimum policy in Massachusetts.
That being said, you can increase your liability to 50/100/50 or 100/300/100. The numbers represent the liability coverage limits on your policy. A 50/100/50 policy, for instance, features:
- $50,000 in bodily injury liability insurance per person
- $100,000 in bodily injury liability insurance per accident
- $50,000 in property damage liability insurance per accident
Conversely, a full coverage policy already includes comprehensive and collision insurance and reimburses you for damages to your car.
Average Cost of Car Insurance in Massachusetts By Company
There are various factors that insurance companies in Massachusetts use to determine how much you’ll pay for your car insurance. At an average of $730 per year, Safety Group has the cheapest full coverage insurance plan in Massachusetts, while State Farm is the cheapest for minimum coverage, averaging $323. Consequently, the company you choose will have a significant impact on your insurance rates.
By contrast, the company with the most expensive average minimum coverage and full coverage is Travelers. This company charges an average of $1,183 for state minimum coverage and $2,356 for full coverage.
Average Annual Costs of Car Insurance in Massachusetts - By Company
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- CompanyMinimum CoverageFull Coverage
- Safety Group$405$730
- $337$778
- $323$782
- $486$800
- $401$851
How Much Is Car Insurance in Massachusetts by Age?
Your age significantly affects the average cost of car insurance in Massachusetts. The average cost difference between a 16-year-old and a 40-year-old buying the same full coverage policy is $2,022 per year. Still, a young driver in Massachusetts can save money by joining their parents’ policy rather than buying their own.
If you're a first-time driver in Massachusetts, you may pay similar rates to teenagers when buying your first car insurance policy due to your similar lack of experience.
Average Costs of Full Coverage Car Insurance in Massachusetts - By Age
How Does Driving History Affect Car Insurance Costs in Massachusetts?
A high-risk driver in Massachusetts will pay more for insurance than one with a clean record. If you’ve racked up several minor road violations or speeding tickets, your insurance company may see you as expensive to insure, thus charging you a higher premium.
The worse the violation, the more likely you are to pay higher rates. However, you can still find relatively cheap insurance plans even if you hold a bad driving record.
MoneyGeek’s data shows there’s an average cost difference of $272 per year between a safe driver and one with a speeding ticket.
Average Costs of Full Coverage Car Insurance in Massachusetts - By Driving History
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- Driving ViolationAnnual Premium
- Safe Driver$1,112
- Speeding Ticket$1,384
- At-Fault Accident$1,788
- DUI$1,986
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Credit Scores and the Cost of Car Insurance in Massachusetts
In most states, insurers can set their rates based on drivers’ credit scores. However, Massachusetts state law has banned insurance companies from using drivers’ credit scores when calculating insurance rates. For this reason, your credit score won’t affect your car insurance rates as long as you live in Massachusetts.
How Much Is Car Insurance in Your City?
Car insurance rates differ significantly between cities, even within the same state. Cambridge has the cheapest average car insurance rate in Massachusetts at $962, which is 13.5% lower than the state average of $1,112. On the other hand, Springfield has the highest average rate of $1,274, 14.6% higher than the statewide rate.
Densely populated cities and those with higher risks of road accidents or natural disasters tend to have higher car insurance rates.
Average Costs of Full Coverage Car Insurance in Massachusetts - By City
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- CityAnnual Premium
- $1,112
- $962
- $1,033
- $1,274
- $1,133
Frequently Asked Questions About Massachusetts Car Insurance Rates
Below are answers to some frequently asked questions to help you learn more about car insurance rates in Massachusetts.
About Mark Fitzpatrick
sources
- Insurance Information Institute. "Background on No-Fault Auto Insurance." Accessed September 14, 2021.
- Mass.gov. "Basics of Auto Insurance." Accessed September 15, 2021.