How Much Does Car Insurance Cost for a Learners Permit in Massachusetts?

Performance level and cost of the vehicle you are trying to insure is probably the largest consideration when comparison shopping for cheap insurance for a learners permit in Massachusetts. Vehicles with limited speed and performance, excellent safety ratings, or a low likelihood of liability claims will cost substantially less to insure than higher performance models. The lists below shows coverage premiums for a number of the cheapest automobiles to buy coverage for.

Table data represents single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in vehicle location which can change coverage rates significantly.

Data rating is based on single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate information does not factor in garaging location in Massachusetts which can alter coverage prices substantially.

Above prices assume single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in Massachusetts location which can alter insurance rates significantly.

Finding dependable, cost effective auto insurance is confusing at best, and determining which companies have the lowest-priced insurance rates for a learners permit will require additional perseverance. Coverage rates will probably be much more than the average price in Massachusetts, with the higher price attributed to the potentially higher risk related to offering coverage for new drivers, but reasonable insurance should be possible if you compare enough companies.

Every insurance company uses their own method for setting rates, so we’ll take a look at the insurance companies with the most affordable rates in Massachusetts. It’s a good idea to know that Massachusetts insurance rates are impacted by many things that can increase the price of your policy. Events like turning one year older, becoming a homeowner, or getting a speeding ticket may prompt premium changes resulting in some rates now being more affordable than competitors.

Best Cheap Insurance Rates in Massachusetts

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State Farm may have some of the cheapest car insurance rates in Massachusetts at around $711 per year. National Grange Mutual, GEICO, Commerce Group, and OneBeacon also qualify as some of the cheaper Massachusetts auto insurance companies.

As shown in the rates above, if you have coverage with Commerce Group and switched to National Grange Mutual, you might achieve yearly savings of around $79. Drivers with OneBeacon could save as much as $89 a year, and Progressive insureds might cut rates by $196 a year.

Be aware that those rates are averaged for all insureds and vehicles and and are not figured with a rate surcharge for a learners permit. So the auto insurance company that fits you best may not even be included in the list of companies shown earlier. That is why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.

The diagram below illustrates how choosing a deductible can influence insurance premiums when researching cheap insurance for a learners permit. The rate quotes are based on a single male driver, comprehensive and collision coverage, and no discounts are applied.

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The chart above illustrates that a 50-year-old driver could lower their car insurance rates by $384 a year by changing from a $100 deductible to a $500 deductible, or save $578 by selecting a $1,000 deductible. Even younger drivers, like the 20-year-old example, could drop their prices as much as $1,266 each year just by choosing higher deductibles.

If you make the decision to raise deductibles, it will now be necessary to have enough spare savings to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

How to find cheap insurance for a learners permit in Massachusetts

Below you’ll find some penny-pinching solutions that can help you locate more affordable car insurance.

• Raise your deductibles
• Try to remain claim-free
• Prevent price hikes by avoiding at-fault accidents
• Do not get tickets or violations
• Remove physical damage coverage on older vehicles
• Compare rates once a year for cheaper prices

The final tip is very significant, as we stressed in this write-up. Auto insurance rates fluctuate constantly, so don’t be hesitant to buy from a different company if a cheaper price is available.

Many drivers have brand loyalty and that’s fine, but it’s not a good idea if that loyalty results in overpaying thousands of dollars over the life of your policy. Now is a great time to shop around and find cheaper insurance for a learners permit.

Who has the cheapest insurance quotes for new drivers?

There are many different ways to shop for and buy insurance in Massachusetts, but the most prevalent methods are through an exclusive agency such as Allstate or Auto-Owners, an independent insurance agent, or from a direct company like Geico or Progressive.

They all have the same basic principle, but it’s important to point out the distinctions in how they work.

Independent insurance agencies work for many companies and can compare rates with every one. These agents are not employed by only one company and can give you more rate choices, which can help you get a better chance of finding cheaper coverage. If cheaper coverage is found, your policy can be easily switched to a new company which prevents you from having to switch agents.

An agent who is captive is able to quote prices with one company, two examples being an Allstate or Liberty Mutual agent. These agents are not able to give you multiple price quotes, so it’s a take it or leave it situation.

The third popular method of shopping for insurance is direct, which means you forego the middleman (the agent) and buy direct online or over the phone from a company like Geico or Progressive. Buying direct may be the best choice people who have an average risk profile and know how their policy works.

When shopping for insurance, which way works best to buy cheap insurance for a learners permit in Massachusetts? We wish we could say shopping direct results in the best prices because there is no agent taking a commission, but unfortunately, it’s not that cut and dried. A good argument could also be made that buying insurance from an independent agent is the best way to save because they can shop around, but that’s not always true, either. For some people, exclusive agencies have coverage prices that other insurance companies cannot touch.

Because there are so many factors that make up insurance rates, the only true way to get rock-bottom rates is to compare rate quotes from as many companies as possible. It’s a good idea to get prices from all three to get a good idea who is cheapest. For a list of companies with some of the cheapest Massachusetts insurance rates, click here to view.