How Much Does Auto Insurance Cost for Drivers Over Age 60 in Massachusetts?

When shopping for cheaper insurance for older drivers, one of the many factors that insurance companies use to determine the price of your policy is your zip code. Areas with high crime rates or more dense population like Revere, Lynn, and Springfield tend to pay higher rates, whereas areas that tend to be more rural have the benefit of cheap auto insurance for drivers over age 60 in Massachusetts.

The information below shows the most costly cities in Massachusetts for drivers over age 60 to buy auto insurance in.

Price information shown is approximated as the specific garaging location can revise coverage prices noticeably.

The make and model of vehicle requiring insurance is a large consideration when consumers are trying to find cheap auto insurance for drivers over age 60 in Massachusetts. Vehicles with high performance, poor safety ratings, or high incidents of liability claims will cost significantly more to insure than safer models. The information below ranks insurance costs for the most budget-friendly vehicles to buy insurance for.

Above prices assume single female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Estimates do not factor in specific garaging location which can raise or lower coverage prices substantially.

Based upon the rates shown, we can expect makes and models like the Honda CR-V, Honda Accord, Chevrolet Traverse, and Ford Escape will be a few of the cheaper vehicles to insure for older drivers.

Finding out which company quotes the most affordable insurance rates for drivers over age 60 will require a little more effort in order to find the lowest price. Each insurer has their own guidelines for determining rates in each state, so let’s rank the insurance companies with the overall best prices in Massachusetts.

Best Car Insurance Prices for Age 60+

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State Farm generally has some of the lowest car insurance rates in Massachusetts at around $733 a year. National Grange Mutual, GEICO, Commerce Group, and OneBeacon are also some of the more affordable Massachusetts auto insurance companies.

As shown in the rates above, if you are a customer of National Grange Mutual and switched to State Farm, you may see savings of roughly $74. Customers with GEICO may save as much as $117 a year, and Commerce Group insureds might cut rates by $169 a year.

It’s important to note that these policy prices are averages for all types of drivers and the different vehicles they drive and do not take into consideration a rate decrease for drivers over age 60. So the company that fits your needs best may not even be included in the above list. That helps illustrate why you need to get rate quotes using your own driver data and vehicle information.

Bad driving habits will cost you more

The common sense way to earn affordable insurance rates for older drivers is to be a good driver and not receive tickets or have accidents. The illustration below highlights how traffic violations and accident claims increase auto insurance rates for each different age group. The rate quotes are based on a married male driver, comp and collision included, $250 deductibles, and no discounts are applied.

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In the example above, the average cost of auto insurance in Massachusetts per year with no accidents or violations is $2,037. Get written up for one speeding ticket and the average cost hikes up to $2,339, an increase of $303 each year. Now include one accident along with the one speeding ticket and the yearly cost of insurance for drivers over age 60 increases to an average of $3,191. That’s an increase of $1,155, or $96 per month, just for not driving attentively!

Which auto insurance company is best?

When it comes to car insurance, some of the largest companies to start with are Geico, State Farm, Allstate, and Progressive. Between them, they insure over 48% of the car insurance market in the United States. All four offer physical damage and liability coverage, but each has a unique set of features, discounts, and options that may influence which company you choose. The next table points out price and claims rank as well as some different options offered by each one.

Who has the cheapest insurance quotes for older drivers?

There are quite a few ways to buy insurance in Massachusetts, but the most popular ways are through an exclusive insurance agent like Allstate or State Farm, an independent or non-exclusive agent, or buying direct from a company like Progressive or Geico.

All three ways are similar, but insurance buyers need to understand the differences in how they provide rate quotes.

Independent insurance agencies have contracts with multiple insurance companies and can quote your policy with each one. Agents of this type are not limited to a single company and can provide multiple price quotes, which may give you the best idea of how your rates compare. If they quote lower rates, the business is moved internally which makes it easier to save money.

Exclusive agencies are only able to write business for one insurance company, two examples being Allstate and Liberty Mutual agents. These agents are unable to shop your coverage around, so it’s a good idea to get additional price quotes.

When you buy insurance direct, you bypass local agents and instead shop direct from companies such as Geico or Esurance. Buying direct may be a decent choice people who have lower risk management needs and know more than average about what is covered and what is not.

What is the best method for finding cheap auto insurance for drivers over age 60 in Massachusetts? We’d like to say shopping direct saves money since that prevents the need to pay agent commissions, but in reality, that argument does not hold true. It would also be easy to say using an independent agent is the best way since they can provide multiple quotes, but that assumption is also not accurate. In some circumstances, exclusive agents have really good rates that are impossible to beat.

Because it’s impossible to say who has the best insurance rates, the one way to get the cheapest rates is to get quotes and compare the rates. To cover all the bases, get prices from all three to give yourself plenty of rates to compare. For a list of companies with online discounts, click here to view.