Cheapest and Best Car Insurance in Cambridge, MA (2023)

The cheapest company for you may depend on your profile and needs. Hanover offers the cheapest minimum coverage policy. State Farm provides the most affordable full coverage policy for veteran and is the least expensive insurer after a driving violation. Progressive is the cheapest for teens on a family policy, while Chubb has the most affordable policies and the best service quality.

The following car insurance companies offer the most affordable minimum coverage policies in Cambridge:

• Hanover: $252 per year
• Plymouth Rock Assurance: $264 per year

Safety Group is the most expensive insurer, charging an average of $1,014 annually.

Your rates vary significantly based on your location. For instance, although Hanover is the cheapest insurer in the city, State Farm offers the cheapest minimum coverage car insurance in Massachusetts, at an average of $216 per year.

In Massachusetts, drivers are required to have bodily injury liability, personal injury protection, property damage liability and uninsured motorist coverage, with the following limits:

• $20,000 bodily injury liability per person
• $40,000 bodily injury liability per accident
• $8,000 personal injury protection
• $5,000 property damage liability per accident
• $20,000 uninsured motorist coverage per person
• $40,000 uninsured motorist coverage per accident

With the bodily injury liability limits included above, an insurer would cover up to $20,000 in medical expenses per injured person, up to $40,000 per accident. You may be responsible for paying any additional costs out of pocket.

MoneyGeek found that the cheapest car insurance companies for full coverage are:

• State Farm: $561 per year
• GEICO: $709 per year

Safety Group charges the most expensive rates, costing an average of $2,346 annually.

Our analysis shows that State Farm also offers Massachusetts's cheapest full coverage car insurance policies, charging an average of $483 annually. The company charges slightly higher rates in Cambridge than in the rest of the state.

A full coverage policy generally includes comprehensive and collision insurance.

• Collision Insurance: This will cover your vehicle's repair or replacement costs for damages involving a collision with another vehicle or object.
• Comprehensive Insurance: This will cover repair or replacement costs if your vehicle is damaged in a non-collision related incident, like a natural disaster, vandalism or theft.

Typically, full coverage policies are best for drivers with new cars who want to safeguard their investment. They may not be worth the added cost for those with older vehicles.

In Cambridge, State Farm offers the cheapest full coverage policies to drivers with these traffic violations:

• Speeding ticket: State Farm ($639 per year)
• At-fault accident: State Farm ($849 per year)
• DUI: State Farm ($1,013 per year)

Safety Group has the most expensive rates, charging roughly $2,794 per year for drivers with a speeding ticket, $5,265 per year for those with a DUI offense and $4,263 per year for drivers with an at-fault accident.

Driving violations can substantially raise your insurance rates. Therefore, even the cheapest policy for drivers with poor records will still cost more than the most affordable policy for safe drivers.

Generally, your insurance rate will increase in proportion to the severity of the driving offense. For instance, Cambridge drivers with a DUI offense will pay an average of $655 more for car insurance than those with speeding tickets. Although your car insurance may cost more, drivers can still find relatively cheap car insurance with a bad driving record.

For 16-year-old teens on a family policy, these insurance companies charge the most affordable rates:

• Progressive: around $1,124 per year for male and female teens
• State Farm: approximately $1,153 per year for male and female teens

Travelers has the most expensive policy, costing an average of $3,501 annually for male and female teenagers.

Buying an individual policy as a teen driver will significantly increase your insurance expenses. MoneyGeek found that the average 16-year-old male in Cambridge pays at least $1,220 more for individual coverage than they would on a family policy. Shopping around is the ideal way to find the cheapest car insurance for teens and young drivers.

Drivers with military backgrounds may find the cheapest rates for full coverage policies with these companies:

• State Farm: $561 per year
• GEICO: $709 per year

USAA also offers relatively affordable insurance for military drivers at $817 per year. This insurer exclusively caters to military members and their families.

Hanover is the cheapest insurer for minimum coverage, costing an average of $252 per year. The second-best option is Plymouth Rock Assurance, charging an average of $264 annually.

It can take up to 15 minutes to input the personal information required for a single auto insurance quote. If you’re comparing rates for multiple providers, this time can add up.

MoneyGeek’s car insurance calculator can help you save time and effort. Simply provide your age, vehicle type, coverage level and driving record to receive a quote.

The best car insurance company in Massachusetts can vary depending on how much importance you place on factors such as cost, service quality and more.

These are our best options for car insurance in Cambridge based on various factors:

• Best overall: Amica Mutual (MoneyGeek score of 80 out of 100)
• Best cheap: Chubb (MoneyGeek score of 82 out of 100)
• Best for service: Chubb (MoneyGeek score of 76 out of 100)

An insurer’s total MoneyGeek score may vary based on the different weightings used in each category.

Chubb also provides the best car insurance in Massachusetts. USAA is the best car insurance option for individuals with a military background, earning a MoneyGeek score of 80 out of 100.

Overall, the best car insurance companies in Cambridge based on MoneyGeek’s analysis are:

• Amica Mutual: MoneyGeek score of 80 out of 100 ( $924 per year)
• Chubb: MoneyGeek score of 79 out of 100 ($1,129 per year)

Of the insurers in our study, Amica Mutual scored the highest for claims management and ranked among the top four for customer satisfaction, indicating the company provides excellent customer support when filing claims.

For veterans, USAA’s car insurance policy is ideal, with an average cost of $817 per year.

Based on our analysis, the following companies will suit you the best if you’re looking for excellent service quality regardless of the cost:

• Chubb: MoneyGeek score of 76 out of 100 ($1,129 per year)
• Amica Mutual: MoneyGeek score of 71 out of 100 ( $924 per year)

Chubb scored the highest in claims management and ranked fourth in customer satisfaction. Its policies are moderately priced as the company ranked fifth out of 13 insurers for affordability.

Based on affordability and service quality, the following insurers offer the best cheap policies that meet Massachusetts’s minimum coverage requirements:

• Chubb: MoneyGeek score of 82 out of 100 ($388 per year)
• Amica Mutual: MoneyGeek score of 78 out of 100 ($419 per year)

Although minimum coverage policies are relatively inexpensive, they offer the least amount of liability coverage and won’t cover any damages to your vehicle if you get in an accident.

The average cost of car insurance in Cambridge is about $1,060 annually, roughly $209 less than the average cost of car insurance in Massachusetts at $1,269 per year as of October 2022. It is also $205 less than the national average premium of $1,265 per year. Your location significantly affects your insurance cost, though it’s not the only factor insurance companies consider.

The rates included above are for a full coverage policy with$100,000 in bodily injury liability per person, $300,000 in bodily injury liability per accident and $100,000 in property damage liability per accident.