The words “low-priced” and “insurance” really don’t belong together, in particular when you are looking for the lowest insurance prices for teachers. Let’s lead off by showing you a few of the factors that have a considerable impact on insurance premiums, and find some ways to cut the cost of your next policy.
Buying budget car insurance is tough enough, and determining which companies have the lowest-priced auto insurance rates for teachers will require even more rate comparisons. Each insurer has their own unique process to set their prices, so let’s take a look at the most competitive auto insurance companies in Massachusetts.
It’s important that readers know that Boston, MA auto insurance rates are influenced by many factors which can significantly increase or decrease the price of coverage. Simply improving your credit, increasing liability limits, or having a fender bender may prompt premium changes that can cause some rates to be more affordable than competitors.
Find the Best Cheap Insurance for Educators
State Farm has some of the lowest car insurance rates in Boston at around $733 annually. National Grange Mutual, GEICO, Commerce Group, and OneBeacon also rank well as some of the cheaper Boston, MA car insurance companies.
In the above example, if you are a policyholder with Commerce Group and switched to National Grange Mutual, you might achieve annual savings of upwards of $71. Insureds with OneBeacon might save as much as $72 a year, and Progressive policyholders might lower prices by $168 a year.
To find cheaper insurance rates for your vehicle, click here to begin a quote or visit any of the companies below.
Be aware that those policy rates are averages for all drivers and vehicles and are not factoring in an exact zip code location for teachers. So the company that fits your situation best may not even be in the top 21 companies in the list above. That is why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.
For teachers and educators, one of the more important things that aid in calculating auto insurance rates is where your residence is. Larger areas likely pay more, whereas less populated areas benefit from lower rates.
The next table sorts the highest-priced areas in Massachusetts for teachers in which to purchase auto insurance. Boston shows up at #7 with the annual price of $1,735 for the average insured, which is approximately $145 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Brockton | $2,143 |
| 2 | Revere | $2,127 |
| 3 | Lynn | $1,939 |
| 4 | Springfield | $1,927 |
| 5 | Malden | $1,879 |
| 6 | Lawrence | $1,858 |
| 7 | Boston | $1,735 |
| 8 | Worcester | $1,729 |
| 9 | New Bedford | $1,698 |
| 10 | Somerville | $1,665 |
| 11 | Fall River | $1,649 |
| 12 | Medford | $1,638 |
| 13 | Quincy | $1,596 |
| 14 | Lowell | $1,527 |
| 15 | Cambridge | $1,506 |
| 16 | Chicopee | $1,470 |
| 17 | Weymouth | $1,461 |
| 18 | Haverhill | $1,424 |
| 19 | Peabody | $1,406 |
| 20 | Framingham | $1,404 |
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Annual rates are approximated as specific Boston garaging address can revise auto insurance rates considerably.
Selecting a good quality insurance provider can be rather challenging considering how many companies there are in Massachusetts. The ranking information in the lists below could help you analyze which car insurance providers you want to consider to insure your vehicles. These rankings only include companies that insure vehicles across America, so companies that focus mainly on Massachusetts business will not be included in these rankings.
Top 10 Major Car Insurance Companies in Boston Ranked by Claims Service
- Progressive
- USAA
- Liberty Mutual
- State Farm
- GEICO
- Allstate
- The Hartford
- Farmers Insurance
- Esurance
- AAA Insurance
Full coverage rates compared to liability only
Paying less for auto insurance is important to most vehicle owners, and an easy way to buy cheap insurance for teachers is to not buy comprehensive and collision coverage. The information below illustrates the difference between insurance premiums with full physical damage coverage compared to only buying liability only. The premiums assume no violations or accidents, $100 deductibles, marital status is single, and no discounts are applied to the premium.
As an overall average, physical damage coverage on your policy costs $1,916 per year more than insuring for liability only. That may make you wonder if full coverage is worth the money. There is no exact rule of when to phase out physical damage coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, then it could be time to drop full coverage.
There are some scenarios where removing full coverage is not a good plan. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
Why you should be shopping around
Massachusetts auto insurance rates are determined by lots of factors that may substantially change the price you have to pay. Simply having a birthday, moving to a different location, or getting a reckless driving citation may cause policy rate changes that can cause some rates to be cheaper than others.
Not only that, but insurance companies file new Massachusetts car insurance rates as needed in order to remain profitable. Higher than normal claim frequency or severity may result in increased policy costs, while a profitable period may produce lower-cost Boston car insurance rates.
The data below shows rates for the cheapest car insurance in Boston, MA for a 35-year-old female driver with a good driving record, no prior claims, and a decent credit rating. If we estimate rates based on her current risk profile, State Farm might quote the best car insurance rates in Boston at $981 annually. This is $254 less than the average price paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon are the rest of the top five cheapest Boston, MA auto insurance companies.
In this next rate comparison, we will give the driver from the first set of rates some claims, poor credit, and a few traffic violations. Since each auto insurer uses their own calculation for setting rates, analyzing rate quotes may now present a slightly different list of the cheapest companies as shown below.
Progressive now has the lowest price on auto insurance in Boston with Norfolk and Dedham, USAA, Amica, and OneBeacon also being competitive. This illustrates why Massachusetts drivers need to shop around to get the most budget-friendly car insurance rates for teachers. Insurance prices are influenced by many things and change dramatically, so the cheapest rate the last time you checked may now be one of the more expensive options.
How to find the cheapest insurance for teachers
Lowering your rates is not difficult, and here are a few thrifty solutions that can help Massachusetts drivers locate low-cost coverage.
- Keep your driving record clean
- Increase physical damage deductibles
- Staying accident-free helps keep rates low
- Try to not file small claims
- If your vehicles are older, consider dropping full coverage
- Compare rates often to find the best deal
The last tip in the list is especially significant, as we stressed in the prior information. Prices charged by companies can be adjusted at any time, so drivers shouldn’t be reluctant to change to a new company if a cheaper rate is available.
Many drivers tend to have loyalty to a certain company, but it’s not a good idea if that inflexibility results in costing you lots of hard earned cash every month. Spend a few minutes and compare rates and find cheaper auto insurance for teachers in Boston.