Cheap Car Insurance Quotes for Retired Military in Massachusetts

When we talk about auto insurance, the word affordable should not appear as a descriptor for car insurance rates. Despite the oxymoron, cheap auto insurance for retired military can be extremely hard to find. But don’t despair, because we are going to tell you how you can quote and buy coverage that you can fit into your budget.

For veterans, one of the big considerations that helps car insurance companies calculate car insurance rates is where your home is located in Massachusetts. Cities with more crime and/or more people like Revere, Lynn, and Malden tend to pay more, whereas areas with less congestion tend to receive slightly lower rates.

The next table rates the higher priced cities in Massachusetts for retired military to buy an auto insurance policy in.

Rates are estimated as the specific area where the vehicle is garaged can affect auto insurance rates noticeably.

The vehicle model that is being insured is one of the largest considerations when consumers are trying to find the most affordable insurance for retired military. Vehicles with average performance, good crash test ratings, or a track record of few liability claims will cost much less to insure than high performance models.

The data below estimates car insurance rates for a handful of the cheapest automobiles to buy insurance for.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Premium amounts do not factor in vehicle garaging location which can decrease or increase premiums greatly.

Based upon the rates shown, vehicles like the Ford Escape, Jeep Wrangler, Hyundai Elantra, Honda Accord, and Chevrolet Traverse are likely to be some of the cheaper vehicles to insure for veterans.

Locating cost effective car insurance is difficult, and figuring out which companies offer the lowest-priced auto insurance rates for retired military involves even more perseverance. Every insurance provider has a unique approach to set premium rates, so first let’s look at the rankings for the lowest cost auto insurance companies in Massachusetts.

It’s important that you understand Massachusetts auto insurance rates are impacted by many things which can significantly increase or decrease the cost of your policy. This price fluctuation is why consumers need to take the time to do a thorough rate comparison when trying to find the lowest car insurance rates for retired military. Prices are influenced by many risk factors and can change substantially, so the cheapest company the last time you compared rates may now be wasting a lot of money.

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State Farm has some of the best car insurance rates in Massachusetts at around $711 annually. National Grange Mutual, GEICO, Commerce Group, and OneBeacon would also be considered some of the most economical Massachusetts auto insurance companies.

In the rate table above, if you buy coverage from National Grange Mutual and switched to State Farm, you may realize annual savings of around $88. Insureds with GEICO might save as much as $157 a year, and Commerce Group insureds might realize rate reductions of up to $164 a year.

Be aware that those premium estimates are averages for all drivers and vehicles and do not take into consideration a price decrease for retired military. So the car insurance company that can offer you the best rate may not even be in the rate chart shown above. That is why you need to get quotes using your own personal information and vehicle type.

Tickets and at-fault accidents raise rates

One of the best ways to enjoy the cheapest auto insurance prices for veterans is to be a careful driver and avoid traffic citations and accidents. The information below shows how speeding tickets and at-fault fender-benders influence auto insurance costs for each age group. The rate quotes are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.

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In the chart above, the average cost of car insurance in Massachusetts per year with no violations or accidents is $2,187. Get one speeding ticket and the average cost hikes up to $2,511, an increase of $324 each year. Then throw in one accident along with the one speeding ticket and the 12-month cost of auto insurance for retired military jumps again to an average of $3,441. That’s an increase of $1,255, or $105 per month, just for a couple of infractions!

What is the best auto insurance company in Massachusetts?

Insuring your vehicle with a highly-rated company can be rather challenging considering how many companies sell insurance in Massachusetts. The company information shown below can help you pick which providers to look at when comparing auto insurance rates for retired military. These ratings are for companies that insure vehicles across America, so companies that have a smaller presence are not taken into consideration for the list.

State Farm vs Allstate vs Geico vs Progressive

When buying auto insurance for veterans, some of the largest companies to start with are State Farm, Allstate, Geico, and Progressive. When added together, they make up almost 50% of the car insurance market in the United States. The following table illustrates ratings for price, service, and claims, in additional to some of the optional coverages that are available for policyholders.