How Much Does Car Insurance Cost for College Students in Massachusetts?

Wouldn’t it be so easy if we knew the single best company that has the cheapest coverage for college students? It’s not quite that easy, unfortunately, as there are a ton of unknown elements like if you have a lapse in coverage, the likelihood of your vehicle having a liability claim, whether you are a new or experienced driver, and the area you live in, that all help calculate your car insurance rates. This article will cover the best ways to compare rates and should give you a solid foundation to find cheaper car insurance in Massachusetts.

Locating budget insurance is not easy, and figuring out which insurers offer the most affordable car insurance rates for college students will involve even more shopping around. Premiums should be slightly more than the average rate in Massachusetts, with the increase attributed to the higher likelihood of claims associated with offering insurance for students in college, but reasonable coverage may be possible if you shop around. Each auto insurer has a unique formula to determine premium rates, 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 be aware that Massachusetts car insurance rates are based on many factors which can significantly increase or decrease the cost of coverage. That is why it is crucial to shop around when trying to find affordable insurance rates for college students. Insurance prices are calculated by many factors and can decrease or increase without notice, so the cheapest company six months ago may now be costing you a lot of money.

Best Car Insurance Prices for College Students

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State Farm generally has some of the cheapest car insurance rates in Massachusetts at around $733 a year. National Grange Mutual, GEICO, Commerce Group, and OneBeacon would also be considered some of the cheapest Massachusetts car insurance companies.

In this example, if you currently have coverage with Commerce Group and switched to National Grange Mutual, you might realize a yearly savings of in the neighborhood of $104. Policyholders with OneBeacon may save as much as $105 a year, and Progressive customers might cut rates by $192 a year.

It’s important to note that these prices are averaged for all ages of drivers and types of vehicles and do not factor in a rate surcharge for college students. So the auto insurance company that fits your situation best may not even be featured in the chart above. That helps illustrate why you need to get rate quotes from many companies using your own individual information.

The type of vehicle you are trying to insure is one of the largest factors that determines if you can find the best cheap car insurance for college students. Vehicles with economical engines, good safety features, or low incidents of liability claims will cost less to insure than high performance models. The information below presents auto insurance prices for a number of the more afforable automobiles to buy insurance for.

Prices above based on single female driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate information does not factor in vehicle garaging location which can influence auto insurance rates noticeably.

Table data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in the specific area where the vehicle is garaged which can increase or decrease price quotes substantially.

Data based on single female driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in specific Massachusetts garaging location which can alter prices considerably.

When buying auto insurance for students in college, one of the key considerations that is used by auto insurance companies to determine the cost of insurance is where you keep your vehicle in Massachusetts. Areas with more people or more claims like Revere, Lynn, and Malden tend to have higher rates, whereas areas with less congestion have the luxury of cheap car insurance for college students in Massachusetts.

The table below illustrates the highest-priced areas in Massachusetts for college students to purchase a policy in.

Premium costs are approximated as the vehicle garaging location can alter insurance rates noticeably.

Discounts on cheap car insurance for college students in Massachusetts

Insurance providers that offer coverage for college students may have policy discounts that could potentially reduce rates by as much as 35% if you meet the requirements. A few popular companies and their offered discounts are:

The chart below illustrates the comparison of insurance costs with and without some available policy discounts. The prices are based on a male driver, no violations or claims, Massachusetts state minimum liability limits, comp and collision included, and $100 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with continuous coverage, passive restraint, anti-theft, good student, vehicle safety, and paid-in-full discounts applied. When these discounts are applied to the policy premium, the average savings per year on car insurance for college students is 33% or $540.

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Allstate, State Farm, Geico, or Progressive: Who is best?

When it comes to buying car insurance for students in college, some of the largest companies to start with are Allstate, State Farm, Geico, and Progressive. All four offer physical damage and liability coverage, but each has different options that may affect your buying decision. The data below illustrates some of the different options shoppers can find with each company.