For financially responsible drivers, one of the more important components that aid in calculating insurance cost is where you live in Boston. Areas with a lot of weather claims or more people tend to have higher auto insurance costs, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive slightly lower rates.
The following table shows the most expensive cities in Massachusetts for drivers with good credit to purchase a policy in. Boston makes the list at #7 with an annual cost of $1,752 for the average insurance policy, which is approximately $146 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Revere | $2,192 |
| 2 | Brockton | $2,080 |
| 3 | Lynn | $1,920 |
| 4 | Lawrence | $1,896 |
| 5 | Malden | $1,879 |
| 6 | Springfield | $1,851 |
| 7 | Boston | $1,752 |
| 8 | New Bedford | $1,698 |
| 9 | Worcester | $1,678 |
| 10 | Fall River | $1,649 |
| 11 | Medford | $1,638 |
| 12 | Somerville | $1,616 |
| 13 | Lowell | $1,557 |
| 14 | Quincy | $1,534 |
| 15 | Chicopee | $1,515 |
| 16 | Weymouth | $1,491 |
| 17 | Haverhill | $1,468 |
| 18 | Cambridge | $1,461 |
| 19 | Framingham | $1,432 |
| 20 | Brookline | $1,428 |
| 21 | Taunton | $1,412 |
| 22 | Waltham | $1,395 |
| 23 | Peabody | $1,378 |
| 24 | Methuen | $1,348 |
| 25 | Newton | $1,310 |
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Annual rates are approximated as specific location information can impact insurance rates greatly.
The car, truck, or SUV requiring coverage is probably the largest consideration that determines whether or not you find low-cost car insurance for drivers with good credit. Vehicles with high performance, poor passenger safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer models.
The list below ranks auto insurance rates for a handful of the most budget-friendly vehicles to insure.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $1,350 |
| Honda Accord EX-L 4-Dr Sedan | $1,468 |
| Toyota Prius | $1,497 |
| Honda CR-V EX-L 4WD | $1,512 |
| Toyota RAV4 2WD | $1,601 |
| Chevrolet Silverado LS Regular Cab 4WD | $1,622 |
| Ford Explorer Limited AWD | $1,630 |
| Volkswagen Jetta 2.0T 4-Dr Sedan | $1,717 |
| Nissan Altima Hybrid 4-Dr Sedan | $1,726 |
| Ford Edge SEL AWD | $1,764 |
| Chevrolet Impala LS | $1,770 |
| Dodge Grand Caravan Crew | $1,787 |
| Ford F-150 Lariat Super Cab 2WD | $1,794 |
| Chevrolet Malibu Hybrid | $1,803 |
| Chevrolet Equinox LT 2WD | $1,809 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,814 |
| Toyota Camry Hybrid | $1,835 |
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Rates do not factor in specific location which can revise auto insurance rates considerably.
By looking at the data, you can figure that makes and models like the Ford Escape, Honda Accord, Toyota Prius, and Honda CR-V should be a few of the most affordable vehicles to insure for financially responsible drivers.
Price comparison of only insuring for liability
Saving on auto insurance is probably important to the majority of drivers, and one of the easiest ways to lower the cost of insurance for drivers with good credit is to only pay for liability coverage. The chart below visualizes the comparison of annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Massachusetts. The data assumes no claims or driving citations, $100 deductibles, marital status is single, and no discounts are factored in.
As an overall average, full coverage costs an extra $2,612 per year over and above liability coverage. A very common question is if paying for full coverage is worth it. There is no exact formula to drop physical damage coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
There are some cases where removing full coverage is not financially feasible. If you haven’t satisfied your loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.
Buying coverage from a high-quality car insurance provider can be difficult considering how many different companies there are to choose from in Boston. The company information in the lists below may help you choose which insurers you want to consider purchasing a policy from. These ratings are only made up of major nationwide insurance companies, so smaller companies that only insure vehicles in Massachusetts are not factored into this list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| The Hartford | 88 | 96 | 91 | 93% | A+ | 92.6 |
| Progressive | 84 | 94 | 99 | 90% | A+ | 92.4 |
| Travelers | 84 | 93 | 100 | 87% | A++ | 92.3 |
| State Farm | 84 | 93 | 95 | 87% | A++ | 91 |
| Farmers Insurance | 87 | 92 | 90 | 85% | A | 90.6 |
| Safeco Insurance | 85 | 91 | 87 | 86% | A | 88.4 |
| USAA | 71 | 93 | 98 | 87% | A++ | 88 |
| GEICO | 73 | 93 | 95 | 85% | A++ | 87.1 |
| Liberty Mutual | 72 | 91 | 97 | 83% | A | 86.4 |
| AAA Insurance | 85 | 85 | 88 | 86% | A | 85.8 |
| Allstate | 69 | 92 | 92 | 83% | A+ | 84.4 |
| American Family | 77 | 96 | 80 | 85% | A | 83.8 |
| Esurance | 70 | 80 | 89 | 77% | A+ | 79.2 |
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Data Source: Insure.com Best Car Insurance Companies
Discount Boston auto insurance
Car insurance companies that offer coverage for drivers with good credit may also give you rate discounts that could lower prices by 40% or more if you qualify for them. A few of the larger companies and some of the premium reductions they offer are detailed below.
- 21st Century offers discounts for good student, air bags, homeowners, automatic seat belts, and theft prevention.
- State Farm has savings for student away at school, driver’s education, safe vehicle, Drive Safe & Save, good student, and multiple policy.
- AAA may include discounts for multi-policy, multi-car, good student, education and occupation, and good driver.
- Liberty Mutual discounts include good student, newly retired, new graduate, multi-policy, teen driver discount, new vehicle discount, and preferred payment discount.
- Progressive offers discounts including online signing, homeowner, online quote discount, continuous coverage, and good student.
The chart below shows the comparison of insurance premiums with and without discounts applied to the premium. The premiums assume a male driver, no accidents, no driving violations, Massachusetts state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multiple policy, passive restraint, vehicle safety, defensive driving course, multiple vehicle, and claim-free discounts applied. In this example, the average amount saved each year on auto insurance for drivers with good credit is 28% or $653.
How to find cheaper car insurance for drivers with good credit
The list below details some thrifty ideas that can help Boston drivers locate lower-cost car insurance.
- Raise deductibles to save money
- Remain accident-free and save
- Buy safe vehicles
- Improve your credit rating
- Do not get tickets
- If your vehicles are older, consider dropping full coverage
- Look for cheaper rates once a year by shopping around
The last tip is particularly significant, as was emphasized in the article above. Prices can change significantly in a year, so don’t hesitate to buy a policy from a new company if a better deal can be had. Being loyal to a particular company is commendable, but it’s not a great idea if that faithfulness ends up costing you lots of hard earned cash every month. It only take a few minutes to compare prices and find cheaper auto insurance for drivers with good credit in Boston.
If you prefer to have a consultation when buying car insurance for drivers with good credit, the agents listed below can most likely provide answers to your questions and help you determine which auto insurance policy would work best for you.
To locate a Boston car insurance agency closest to you, click the button at the bottom of the list.
- Ironside Insurance Group, LLC
112 Water St #401 – Boston, MA 02109 – (617) 227-2400 - Kaplansky Insurance
114 Harvard St – Brookline, MA 02446 – (617) 738-5400 - State Fund Insurance
#1601, 100 Summer St – Boston, MA 02110 – (617) 956-9999 - American Agency Systems Insurance
156 Porter St – Boston, MA 02128 – (617) 418-5089 - Metro Boston Insurance Agency
78 Bennington St – Boston, MA 02128 – (617) 561-3191