What Car Insurance is Cheapest for Good Drivers in Boston?

Finding out which companies offer the cheapest insurance rates for good drivers will involve a tad more effort in order to find the best price.

Each auto insurer has a proprietary method for setting prices, so we need to take a look at the insurance companies with the most affordable rates in Boston, MA. It’s important to know that Boston, MA insurance rates are determined by lots of factors that control your annual premium. Simply having a birthday, moving across town, or getting a couple of tickets can trigger price changes that can cause some rates to be more affordable than competitors.

Lowest Insurance Price Quotes for Good Drivers

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State Farm quotes some of the most affordable car insurance rates in Boston at around $719 a year. This is $516 less than the average premium paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon would also be considered some of the cheaper Boston, MA car insurance companies.

As the example above demonstrates, if you are insured with GEICO and switched to State Farm, you may see an annual savings of around $157. Insureds with Commerce Group may save as much as $165 a year, and OneBeacon policyholders might lower prices by up to $193 a year.

To get a quick, customized rate comparison, click here to start your free quote or quote rates from the companies below.

Be aware that those rates are averages for all types of insureds and vehicles and are not factoring in an exact vehicle garaging location for good drivers. So the company that has the cheapest rates for you may not even be in the list above. That illustrates why you need to get quotes using your own personalized driver profile and vehicle information.

The type of vehicle that needs insurance is probably the largest consideration when comparing quotes for the lowest-priced auto insurance for good drivers. Vehicles with limited top-end speed, good safety features, or a positive history of liability claims will cost substantially less to insure than higher performance models.

The next table ranks coverage prices for the cheapest vehicles to buy insurance for.

Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Premium costs do not factor in zip code location which can lower or raise rates substantially.

Based upon these rates, you can expect models like the Ford Escape, Honda CR-V, and Ford F-150 should be a few of the most economical vehicles to insure for safe drivers.

Full coverage rates compared to liability-only

Saving money when shopping for insurance is important to the majority of vehicle owners, and one good way to buy cheap insurance for good drivers is to only buy liability insurance. The illustration below visualizes the comparison of auto insurance costs with liability coverage only compared to full coverage. The costs are based on no claims or driving citations, $100 deductibles, drivers are not married, and no additional discounts are factored in.

As an average for all age groups, comp and collision coverage costs $2,566 per year over liability only. Many drivers may wonder when is it a good idea to stop buying full coverage. There is no definitive rule to stop paying for physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is 10% or more of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s say your vehicle’s settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,000 after paying your deductible. If you are currently paying more than $700 a year for physical damage coverage, then it could be time to drop full coverage.

Choosing the right insurance company can be challenging considering how many different companies insure vehicles in Massachusetts. The rank data in the next section can help you analyze which auto insurers you want to consider comparing price quotes from. The ratings below are only comprised of companies who write in the majority of U.S. states, so companies that have a smaller presence will not be included in these rankings.

Top 10 Large Auto Insurers in Boston Ranked by Customer Satisfaction

1. The Hartford – 93%
2. Progressive – 90%
3. USAA – 87%
4. State Farm – 87%
5. Travelers – 87%
6. Safeco Insurance – 86%
7. AAA Insurance – 86%
8. Farmers Insurance – 85%
9. GEICO – 85%
10. American Family – 85%

Why you should compare rates

Boston, MA insurance rates are impacted by many factors which can substantially decrease or increase the price you have to pay for coverage. Improving your credit score, having a teenage driver, or getting a reckless driving citation can trigger changes in premium resulting in some rates now being cheaper in comparison to the competition. Not only may things change on your end, but auto insurance companies modify pricing multiple times each year to ensure their profitability. Higher than normal claim frequency or severity may cause higher priced premiums, while a lower level of claims may cause cheaper Boston car insurance rates.

To help illustrate this point, the data below shows which companies have the cheapest car insurance in Boston, MA for a 45-year-old male driver with a clear driving record, no claims, and good financial standing. If we look at prices based on his current rating profile, State Farm offers the lowest car insurance rates in Boston at $1,001 annually. This is $234 less than the average rate paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, OneBeacon, and Commerce Group round out the rest of the best Boston, MA auto insurance companies.

Now we will give the driver from the above example a chargeable accident, a lower credit rating, and a few blemishes on his driving record. Since each insurance company has a different formula for determining prices, analyzing rate quotes may result in a completely different list of affordable Boston car insurance companies as shown below.

Arbella now has the cheapest auto insurance in Boston, MA with USAA, Norfolk and Dedham, Amica, and National Grange Mutual completing the list. This example shows why drivers need to perform an extensive rate comparison to get the most affordable car insurance quotes for good drivers. Insurance prices are determined by many things and can increase or decrease at any time, so the cheapest rate three years ago may now be quite expensive.

Ideas for buying budget-friendly car insurance for good drivers

It is possible to find better rates, and here are some penny-pinching suggestions that can help you find cheaper auto insurance.

• Higher deductibles save money
• At-fault accidents will increase rates
• Clean up your credit
• Just one traffic violation will increase your rates
• The safer your car, the less it costs to insure
• Shop around once a year for cheaper rates

That final tip is highly important, as was affirmed in the prior article. Insurance rates adjust often, so drivers shouldn’t be reluctant to change insurance companies if a cheaper rate is available.

Having brand loyalty is commendable, but it’s not a great idea if that stubbornness costs you a considerable chunk of change every month. It only take a few minutes to shop around to find cheaper car insurance for good drivers in Boston.

If you aren’t sure which coverage to buy and prefer to have a little guidance when buying car insurance for safe drivers, the insurance agencies below are a good start to help you determine which policy is best. To find an agent using an interactive map, click the button link following the list or click here to compare prices now.

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