How Much Does Auto Insurance Cost for Teachers in Massachusetts?

Finding out which company has the most affordable car insurance rates for teachers will require more work than just comparing a company or two. Every insurance company uses their own method to establish rates, so to begin we’ll rank the car insurance companies with the overall cheapest rates in Massachusetts.

We do need to point out that Massachusetts car insurance rates are calculated based on many things that may substantially change the price you have to pay. Getting older, getting married, or getting a couple of tickets can cause premium changes that can cause some rates to be more affordable than before.

Cheap Insurance Rates for Educators

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State Farm has some of the most affordable car insurance rates in Massachusetts at around $711 a year. National Grange Mutual, GEICO, OneBeacon, and Commerce Group also rank well as some of the cheapest Massachusetts auto insurance companies.

As the example above demonstrates, if you are a policyholder with OneBeacon and switched to National Grange Mutual, you could see savings of in the vicinity of $96. Insureds with Commerce Group may save as much as $104 a year, and Progressive customers might reduce prices by as much as $182 a year.

Be aware that those estimates are averages across all drivers and vehicles in Massachusetts and do not factor in a price discount for teachers. So the company that has the cheapest price for you may not even be featured in the list above. That emphasizes why you need to quote rates from many companies using your own driver information and specific vehicle type.

The cost and performance of the vehicle you are trying to insure is one of the biggest factors in finding cheap car insurance for teachers in Massachusetts. Vehicles with average performance, a plethora of safety features, or a track record of few liability claims will cost substantially less to insure than fast, unsafe models. The next tables shows coverage costs for the cheaper automobiles to insure in Massachusetts.

Table data represents married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Table data does not factor in garaging location in Massachusetts which can lower or raise premiums considerably.

Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Table data does not factor in your specific Massachusetts location which can influence premium rates noticeably.

Table data represents married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Prices do not factor in specific Massachusetts garaging location which can influence price quotes noticeably.

For teachers and educators, one of the big components that aid in calculating rate quotes is where you live. Densely populated urban areas like Revere, Lynn, and Lawrence are more likely to have higher rates, whereas areas with less traffic congestion and claims benefit from lower coverage costs.

The next table illustrates the highest-priced areas in Massachusetts for teachers to buy car insurance in.

Annual rates are comparative as specific location information can impact premiums significantly.

Full coverage rates compared to liability-only

Finding cheap car insurance for teachers in Massachusetts is important to the majority of vehicle owners, and one of the easiest ways to save on the cost of insurance is to buy liability only. The illustration below shows the comparison of insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Massachusetts. The rate quotes are based on no claims or driving citations, $1,000 deductibles, drivers are not married, and no discounts are factored in.

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Averaged out for all age groups, full coverage costs an additional $1,520 per year more than insuring for liability only. That is a large expense which might make you wonder if it’s worth it to buy full coverage. There is no specific rule for eliminating full coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

There are some scenarios where removing full coverage is not a good idea. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not remove full coverage.