Best Cheap Car Insurance for Homeowners in Massachusetts

When shopping for cheaper insurance for people who own their homes, one of the many considerations that aid in calculating the policy price is the neighborhood you call home in Massachusetts. Areas with more people or even just a higher incidence of claims like Brockton, Lynn, and Malden tend to pay slightly more, whereas areas that tend to be more rural tend to receive cheaper rates.

The information below sorts the most costly cities in Massachusetts for homeowners to purchase a policy in.

Price information shown is estimated as the garaging address in Massachusetts can impact premium rates greatly.

Trying to buy budget car insurance is tough enough, and finding out which company quotes the cheapest car insurance rates for homeowners takes additional perseverance. Premiums will more than likely be slightly less expensive than the average rate in Massachusetts, with the decrease attributed to the decrease in risk that comes with offering coverage for people who own their homes. Competitively-priced coverage should be obtainable from many providers.
Every auto insurer uses a little different formula for establishing rates, so let’s take a look at the overall cheapest car insurance companies in Massachusetts.

It’s a good idea to know that Massachusetts car insurance rates are impacted by many things which can substantially decrease or increase the cost of coverage. This price variation is why it is critical to compare as many rates as possible to find the most affordable car insurance quotes for homeowners. Insurance prices consist of many risk factors and change substantially, so the most affordable company three years ago may now be wasting a lot of money.

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State Farm offers some of the cheapest car insurance rates in Massachusetts at around $733 per year. National Grange Mutual, GEICO, Commerce Group, and OneBeacon also rank well as some of the best Massachusetts auto insurance companies.

In the rate table above, if you are a policyholder with Commerce Group and switched to State Farm, you may see annual savings of upwards of $142. Massachusetts drivers with OneBeacon could save as much as $152 a year, and Progressive customers might see rate reductions of $296 a year.

Remember that these policy prices are averaged for all drivers and vehicles in Massachusetts and do not factor in a rate decrease for homeowners. So the auto insurance company that fits your age and vehicle best may not even be included in the rate chart shown above. That’s why you need to get auto insurance quotes using your own driver information and specific vehicle type.

How to find a good Massachusetts car insurance company

Ending up with a good quality car insurance provider can be challenging considering how many different companies sell coverage in Massachusetts. The company information shown next may help you analyze which car insurance companies you want to consider to insure your vehicles.

The ratings below are for companies who write in the majority of U.S. states, so companies with more of a regional focus will not be included in the list. To compare price quotes and find the cheapest rates for homeowners, follow this link.

Tickets and at-fault accidents raise rates

The common sense way to earn the best cheap auto insurance for homeowners in Massachusetts is to drive cautiously and avoid accidents and traffic violations. The illustration below illustrates how violations and at-fault accidents influence insurance premiums for different insured age categories. The data assumes a single male driver, full coverage, $1,000 deductibles, and no policy discounts are applied.

The data charted above shows the average cost of an auto insurance policy in Massachusetts per year with no accidents and a clean driving record is $1,898. Add in one speeding ticket and the average cost increases to $2,143, an increase of $245 each year. Now get one accident along with the one speeding ticket and the 12-month cost of car insurance for homeowners goes up to an average of $2,819. That’s an increase of $921, or $77 per month, just for being a less-than-perfect driver!

Does Allstate, Geico, Progressive, or State Farm have the cheapest car insurance?

When shopping for car insurance for people who own their homes in Massachusetts, the companies that insure more vehicles than anyone else are Allstate, Geico, Progressive, and State Farm. They all have a distinct set of features and optional coverages that drivers can select from. The following table shows some of the different options and features you can expect with each one.