In Massachusetts, the annual average cost of car insurance is $1,112, which is considerably cheaper than the national average cost of $1,424 per year. MoneyGeek considered the average rates in Massachusetts by coverage level, age, driving history, credit score and location for this guide. These averages are for many companies and locations for one sample driver.
How Much Is Car Insurance in Massachusetts? Rates by Coverage Level, Age, Driving History and Location
The average cost of car insurance in Massachusetts is $1,112 per year, which is the cost for a 40-year-old driver who has maintained a clean driving record and has full coverage.
Should the driver opt for the minimum car insurance coverage in Massachusetts, it would cost an average of $547. Even so, prices can greatly differ depending on your specific profile. For instance, if you’re a 16-year-old purchasing full coverage, you’d pay an average cost of $3,134 annually. MoneyGeek broke down the average car costs in Massachusetts using all important factors to help you understand how rates change.
Average Cost of Car Insurance in Massachusetts: Summary
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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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
Minimum vs. Full Coverage Car Insurance Costs 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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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
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
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.
MoneyGeek collected car insurance quotes in collaboration with Quadrant Information Services across Massachusetts. The rates were based on a 40-year-old driver with full coverage and a clean driving record unless altered by factors covered above, including coverage levels, age and driving violations, as described on our methodology page.
- Highway traffic density was calculated with 2019 data from the Federal Highway Administration
- Data on uninsured motorists drawn from 2019 data from the Insurance Research Council
- Urban share of population was calculated using the latest data from the U.S. Census Bureau
- Data on motor vehicle theft rate was drawn from the FBI Crime in the United States Report for 2019
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