Comparing rates for reasonably-priced auto insurance is difficult, and determining which company has the cheapest car insurance rates for 20 year old women requires even more work.
Each company has a different process for setting rates, so we’ll take a look at the car insurance companies with the most affordable rates in Boston.
Find Cheaper Auto Insurance for Women Age 20
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | State Farm | $711 |
| 2 | National Grange Mutual | $807 |
| 3 | GEICO | $850 |
| 4 | OneBeacon | $903 |
| 5 | Commerce Group | $911 |
| 6 | Progressive | $989 |
| 7 | Arbella | $1,000 |
| 8 | USAA | $1,034 |
| 9 | Norfolk and Dedham | $1,036 |
| 10 | Amica | $1,098 |
| 11 | Travelers | $1,310 |
| 12 | Vermont Mutual | $1,323 |
| 13 | Quincy Mutual | $1,333 |
| 14 | Safety Group | $1,352 |
| 15 | Hanover | $1,386 |
| 16 | Peerless | $1,442 |
| 17 | MetLife | $1,454 |
| 18 | Plymouth Rock | $1,541 |
| 19 | Allstate | $1,738 |
| 20 | Liberty Mutual | $1,806 |
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State Farm may have some of the lowest car insurance rates in Boston at around $711 per year. National Grange Mutual, GEICO, OneBeacon, and Commerce Group are also some of the most economical Boston, MA car insurance companies.
As illustrated above, if you buy coverage from OneBeacon and switched to National Grange Mutual, you might achieve savings of roughly $96. Insureds with Commerce Group could save as much as $104 a year, and Progressive policyholders might cut rates by $182 a year.
To get a quick, customized rate comparison, click here to get quotes or visit several of the following companies.
Be aware that those estimates are averages across all ages of drivers and types of vehicles and and are not figured with a vehicle location for 20 year old women. So the auto insurance company that has the cheapest rates for you may not even be in the top 21 companies shown above. That underscores the importance of why you need to quote rates from as many companies as possible using your own individual information.
For young women, one of the more important criteria that are looked at to help calculate the amount you pay each year for auto insurance is where you keep your vehicle. Areas with a lot of weather claims or more people tend to pay slightly more, whereas more rural areas have the enjoyment of a little cheaper coverage.
The information below shows the priciest cities in Massachusetts for 20 year old women to buy auto insurance in. Boston is ranked #7 with a yearly cost of $1,788 for the average policyholder, which is about $149 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Revere | $2,192 |
| 2 | Brockton | $2,122 |
| 3 | Lynn | $1,939 |
| 4 | Lawrence | $1,896 |
| 5 | Malden | $1,879 |
| 6 | Springfield | $1,851 |
| 7 | Boston | $1,788 |
| 8 | New Bedford | $1,768 |
| 9 | Worcester | $1,746 |
| 10 | Fall River | $1,717 |
| 11 | Somerville | $1,616 |
| 12 | Quincy | $1,581 |
| 13 | Medford | $1,574 |
| 14 | Lowell | $1,573 |
| 15 | Chicopee | $1,515 |
| 16 | Weymouth | $1,506 |
| 17 | Haverhill | $1,482 |
| 18 | Cambridge | $1,461 |
| 19 | Framingham | $1,432 |
| 20 | Peabody | $1,420 |
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Premium amounts are estimated as vehicle location can modify coverage rates substantially.
Impact of speeding/accidents on Boston car insurance rates
The ideal way to get low car insurance premiums for young women is to drive cautiously and avoid accidents and traffic citations. The illustration below shows how speeding tickets and accidents can affect annual premium costs for each age group. The data assumes a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.
In the prior example, the average cost of car insurance in Massachusetts per year with no accidents and a clean driving record is $1,473. Get one speeding ticket and the average cost jumps to $1,692, an increase of $219 each year. Then include two accidents along with the one speeding ticket and the yearly cost of car insurance for 20 year old women goes up to an average of $3,594. That’s an increase of $2,121, or $177 per month, just for not maintaining a clean driving record!
Difference between full coverage and liability only rates
Lowering the price of car insurance is important to most people, and an effective way to pay less for insurance for 20 year old women is to buy only liability coverage. The example below shows the difference between car insurance rates with and without full coverage. The costs are based on no claims or driving violations, $500 deductibles, single status, and no other discounts are factored in.
Averaged for all age groups, physical damage insurance costs an additional $1,576 per year more than buying just liability insurance. Many people question if paying for full coverage is worth it. There is no clear-cut rule that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.
Why you should be shopping around
Massachusetts car insurance rates are based on many factors which can significantly increase or decrease the price of coverage. Improving your credit rating, getting married, or getting a speeding ticket can trigger rate changes that can now make some companies cheaper than competitors.
Also, auto insurance companies file new rates as needed in order to protect their financial rating. A period of higher than normal claims may cause additional premium costs, while lower claim levels may cause cheaper Boston car insurance rates.
As an example, the chart below shows the company with the cheapest car insurance in Boston, MA for a 35-year-old male driver with no prior accidents, a clean driving record, and good credit. When quoting prices based on his personal profile, State Farm might offer the best car insurance rates in Boston at $968 annually. This is $267 less than the average rate paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon are the rest of the best Boston, MA auto insurance companies.
Let’s now give the driver in the first chart a claim, less-than-perfect credit, and a few blemishes on his driving record. Due to the fact that each insurance company uses their own calculation for determining prices, getting updated rate quotes will most likely result in a slightly different list of companies as shown below.
Norfolk and Dedham now has the lowest price in Boston with Arbella, USAA, National Grange Mutual, and Amica also having competitive pricing. This shows why it is crucial to do a thorough rate comparison when trying to get the cheapest insurance quotes for 20 year old women.
Prices are impacted by many factors and can decrease or increase without notice, so the best price the last time you shopped your coverage around may now be one of the more expensive options.