Cheapest Auto Insurance for High Risk Drivers in Massachusetts

Comparing quotes for affordable car insurance is not the easiest thing to accomplish, and determining which company has the most affordable car insurance rates for high risk drivers may require a bit more work. Coverage rates will be quite a bit higher than the average price in Massachusetts due to the additional risk that comes with selling insurance for high risk drivers, but economical coverage should be possible if you shop around. Every insurance company uses their own calculation for filing rates in each state, so first let’s look at the rankings for the car insurance companies that tend to have lower prices in Massachusetts.

It’s a good idea to know that Massachusetts car insurance rates are impacted by many things that may substantially change the cost of coverage. Events such as a birthday, buying a higher-value vehicle, or getting a reckless driving citation can trigger changes in premium resulting in some companies being more expensive than others.

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State Farm may offer some of the best car insurance rates in Massachusetts at around $741 per year. National Grange Mutual, GEICO, Commerce Group, and OneBeacon also make the cut as some of the cheaper Massachusetts auto insurance companies.

As shown in the table above, if you buy coverage from National Grange Mutual and switched to State Farm, you could see an annual savings of in the neighborhood of $90. Insureds with GEICO may save as much as $127 a year, and Commerce Group customers might cut rates by $134 a year.

Remember that these prices are averaged for all drivers and vehicles in Massachusetts and are not factoring in a rate increase for high risk drivers. So the auto insurance company that is best for you may not even be included in the above rate chart. That underscores the importance of why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.

For high risk drivers, one of the largest factors that car insurance companies use to determine the price of your policy is the neighborhood you call home in Massachusetts. Areas with more people or even just a higher incidence of claims like Revere, Lynn, and Lawrence tend to have more expensive auto insurance rates, whereas areas that tend to be more rural can boast about having cheaper rates.

The next table displays the most expensive cities in Massachusetts for high risk drivers in which to purchase auto insurance.

Price information shown is approximated as the specific zip code location can lower or raise premium rates considerably.

Rate increases following a ticket or accident

The obvious way to receive the most affordable car insurance premiums in Massachusetts for high risk drivers is to drive attentively and avoid tickets and accidents. The illustration below demonstrates how traffic citations and at-fault collisions can increase auto insurance costs for each age group. The rates are based on a single male driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.

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In the previous example, the average cost of an auto insurance policy in Massachusetts per year with no accidents or violations is $2,136. Get written up for one speeding ticket and the average cost hikes up to $2,410, an increase of $273 each year. Now throw in one accident along with the one speeding ticket and the annual cost of car insurance for high risk drivers goes up to an average of $3,170. That’s an increase of $1,034, or $86 per month, just for not driving safely!

Geico, Progressive, State Farm, and Allstate: Who is cheapest?

When comparing rates for car insurance for high risk drivers in Massachusetts, four companies to definitely compare rates with are Geico, Progressive, State Farm, and Allstate. The next table illustrates some of the ratings and options you can expect with each one.

Cheapest insurance quotes for high risk drivers

Thanks to the internet, there are a lot of ways to compare car insurance prices in Massachusetts, but the three most common are either through an exclusive insurance agent such as State Farm or Auto-Owners, an independent insurance agent, or direct either online or via phone.

All three ways are similar, but car insurance buyers need to understand the differences in how they price policies.

Independent agents have contracts with multiple insurance companies and can compare coverage rates with every one. Agents of this type are not restricted to one company and can give you more rates, which can give you a better chance of finding cheaper coverage. If a cheaper rate is found, your policy can be moved and you don’t have to find a new agent.

An exclusive agent is restricted to quoting rates for just one company like a Farmers or Allstate agent. Exclusive agents generally are unable to provide prices from multiple companies, so they have to upsell other benefits.

The last way is buying direct, which means you bypass either of the other two types of agents and buy direct online or over the phone from a company like Esurance or Progressive. This car insurance option can be a good choice for drivers who have lower risk management needs and have some degree of understanding of what coverage options they need.

What is the best way for finding the cheapest auto insurance for high risk drivers in Massachusetts? The majority of car insurance shoppers assume that buying from a direct company yields the cheapest rates since there is no middleman, but that generally is not the case. We could also assume that buying from an independent agent guarantees the lowest rates since they have access to many companies, but again, that’s not accurate. In a lot of cases, exclusive agents have price quotes that other car insurance companies cannot touch.

Due to the fact that car insurance rates vary so much, really the best method to get the cheapest rates is to obtain price quotes and compare them. We highly recommend getting price quotes from independent, exclusive, and direct in order to find the best price. For a list of companies offering online discounts, click here to view.

Ideas to find more affordable car insurance for high risk drivers

Here are some of the recommended money-saving ideas that can help you buy the cheapest coverage.

• Save money by insuring older vehicles for liability only
• Do not get tickets or violations
• Do not get into accidents
• Higher deductibles mean lower rates
• Save money by staying claim-free
• Compare rate quotes frequently

The final tip is especially critical, as we pointed out in the prior information. Insurance prices change constantly, so drivers shouldn’t be reluctant to change to a new company if a better rate can be found. Many drivers have brand loyalty and that’s fine, but it’s not a good idea if that inflexibility results in costing you thousands of dollars over several years. If you have a few minutes, compare rates and find cheaper car insurance for high risk drivers.