The words “affordable” and “insurance” really shouldn’t be used in the same sentence, specifically when searching for the cheapest coverage for retired military. Let’s teach you some things the can have a considerable influence on car insurance prices, and find out if we can help you take the bite out of the next policy you buy.
The vehicle on the policy is one of the main factors when shopping around for economical car insurance for retired military. Vehicles with reasonable performance levels, an excellent safety record, or a positive history of liability claims will cost less to insure than fast, unsafe models.
The next table estimates insurance premiums for the most economical automobiles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $1,515 |
| Toyota Prius | $1,539 |
| Honda CR-V EX-L 4WD | $1,552 |
| Chevrolet Impala LS | $1,608 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $1,690 |
| Ford F-150 XLT Regular Cab 2WD | $1,719 |
| Hyundai Elantra SE 4-Dr Sedan | $1,727 |
| Ford Edge Limited 2WD | $1,759 |
| Jeep Grand Cherokee SRT-8 4WD | $1,766 |
| Dodge Grand Caravan SE | $1,761 |
| Toyota RAV4 2WD | $1,796 |
| Toyota Tacoma 2WD | $1,807 |
| Ford Explorer Limited 4WD | $1,830 |
| Hyundai Sonata SE 4-Dr Sedan | $1,846 |
| Chevrolet Equinox LT AWD | $1,849 |
| Toyota Corolla S | $1,894 |
| Honda Odyssey EX-L W/Navigation | $1,903 |
| Dodge Ram Crew Cab Laramie 2WD | $1,907 |
| Volkswagen Jetta SEL 4-Dr Sedan | $1,929 |
| GMC Sierra SLE Extended Cab 4WD | $1,937 |
| Chevrolet Malibu LTZ | $1,929 |
| Nissan Rogue S 2WD | $1,984 |
| GMC Sierra 2500HD SLT Crew Cab 2WD | $1,998 |
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Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Rate quotes do not factor in the specific area where the vehicle is garaged which can revise prices noticeably.
Based upon the table data, cars like the Ford Escape, Toyota Prius, Honda CR-V, Chevrolet Impala, and Jeep Wrangler should be the most affordable vehicles to insure for veterans.
One of the more important factors that are looked at to help calculate auto insurance rates is where you live. Regions with larger populations or more claims are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The following table shows the highest-priced places in Massachusetts for retired military to buy auto insurance in. Boston makes the list at #7 with a yearly premium of $1,805 for car insurance, which is about $150 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Revere | $2,192 |
| 2 | Brockton | $2,059 |
| 3 | Lynn | $1,939 |
| 4 | Malden | $1,936 |
| 5 | Springfield | $1,927 |
| 6 | Lawrence | $1,896 |
| 7 | Boston | $1,805 |
| 8 | New Bedford | $1,698 |
| 9 | Worcester | $1,678 |
| 10 | Fall River | $1,666 |
| 11 | Somerville | $1,599 |
| 12 | Quincy | $1,596 |
| 13 | Medford | $1,574 |
| 14 | Lowell | $1,573 |
| 15 | Weymouth | $1,506 |
| 16 | Chicopee | $1,455 |
| 17 | Cambridge | $1,446 |
| 18 | Framingham | $1,446 |
| 19 | Brookline | $1,442 |
| 20 | Haverhill | $1,424 |
| 21 | Taunton | $1,412 |
| 22 | Peabody | $1,406 |
| 23 | Methuen | $1,361 |
| 24 | Waltham | $1,341 |
| 25 | Newton | $1,310 |
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Rates are approximated as the vehicle garaging location can raise or lower premiums greatly.
Comparing quotes for cheap auto insurance is not the easiest thing to accomplish, and determining which companies quote the best insurance rates for retired military calls for even more shopping around. Each auto insurance company has their own process to set their prices, so first we will examine the most budget-friendly insurance companies in Boston, MA.
Best Auto Insurance Prices for Vets
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | State Farm | $711 |
| 2 | National Grange Mutual | $807 |
| 3 | GEICO | $876 |
| 4 | OneBeacon | $885 |
| 5 | Commerce Group | $902 |
| 6 | Progressive | $999 |
| 7 | Arbella | $1,010 |
| 8 | USAA | $1,044 |
| 9 | Norfolk and Dedham | $1,046 |
| 10 | Amica | $1,131 |
| 11 | Travelers | $1,310 |
| 12 | Safety Group | $1,312 |
| 13 | Quincy Mutual | $1,320 |
| 14 | Vermont Mutual | $1,336 |
| 15 | Hanover | $1,386 |
| 16 | MetLife | $1,397 |
| 17 | Peerless | $1,399 |
| 18 | Plymouth Rock | $1,556 |
| 19 | Allstate | $1,738 |
| 20 | Liberty Mutual | $1,753 |
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State Farm normally has some of the cheapest car insurance rates in Boston at around $711 each year. This is $524 less than the average policy premium paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, OneBeacon, and Commerce Group are also some of the more affordable Boston, MA auto insurance companies.
In the above rates, if you buy coverage from Commerce Group and switched to National Grange Mutual, you could see a yearly savings of in the vicinity of $95. Massachusetts drivers with Progressive might save as much as $192 a year, and Arbella customers might lower prices by up to $203 a year.
To find out how much you can save, click here to start your custom quote or visit any of the companies below.
Remember that these estimates are averages across all types of insureds and vehicles and do not factor in an exact vehicle garaging location for retired military. So the auto insurance company that is best suited for you may not even be in the list above. That points out the importance of why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.
Impact of citations and accidents on Boston insurance rates
The ideal way to maintain affordable insurance rates for veterans is to be an attentive driver and avoid at-fault accidents and violations. The example below demonstrates how citations and at-fault collisions can affect premium costs for different age groups of insureds. The premium estimates are based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are applied.
In the chart above, the average cost of a car insurance policy per year with a clean driving record and no accidents is $1,501. Receive one speeding ticket and the average cost jumps to $1,723, an increase of $221 each year. Then include two accidents along with the one speeding ticket and the annual cost of insurance for retired military jumps again to an average of $3,641. That’s an increase of $2,139, or $178 per month, just for not being attentive to the road!
The chart below highlights how deductible selection can increase or decrease annual premium costs when searching for cheap insurance for retired military. The rate quotes are based on a married male driver, comp and collision included, and no discounts are applied.
As shown above, a 30-year-old driver could lower rates by $358 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $544 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old category, could roll back prices $1,084 every year by using higher deductibles when buying full coverage. When using a larger deductible, it will be important to have spare funds to pay the extra out-of-pocket expense associated with higher deductibles.
Selecting the best insurance provider can be rather challenging considering how many different companies there are to choose from in Massachusetts. The ranking data below could help you choose which car insurance companies to look at when shopping your coverage around.
These rankings are for companies who write in the majority of U.S. states, so companies that may only write in Massachusetts are not included in the list. To view rates and find the cheapest rates for retired military, click this link.
Top 10 Major Auto Insurance Companies in Boston Ranked by Customer Service
- The Hartford
- American Family
- Progressive
- GEICO
- USAA
- State Farm
- Travelers
- Farmers Insurance
- Allstate
- Safeco Insurance
Top 10 Major Auto Insurance Companies in Boston Ranked by Customer Satisfaction
- The Hartford – 93%
- Progressive – 90%
- USAA – 87%
- State Farm – 87%
- Travelers – 87%
- Safeco Insurance – 86%
- AAA Insurance – 86%
- Farmers Insurance – 85%
- GEICO – 85%
- American Family – 85%
Can you find cheaper Boston car insurance?
Boston, MA insurance rates are determined by lots of factors that control the policy price. Simply improving your credit, buying a different home, or getting a driving violation may cause policy rate changes that may make certain companies cheaper in comparison to the competition.
Not only that, but insurers change premium rates multiple times each year to reflect underwriting profits or losses. Heavier than normal losses can cause a rate increase, while profitable underwriting may produce cheaper Boston car insurance rates.
The bar chart below shows which companies have the cheapest car insurance in Boston, MA for a 35-year-old male driver with a clear driving record, no claims, and great credit. Based on his current risk factors, State Farm quotes the best car insurance rates in Boston at $982 a year. This is $253 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 best Boston, MA auto insurance companies.
In this next rate comparison, we will give the driver in the first chart a couple of claims, a little lower credit rating, and an imperfect driving record. Because each company has a different process for setting prices, comparing quotes may now result in a substantially altered list of the cheapest Boston car insurance companies as shown below.
Arbella now has the cheapest auto insurance in Boston, MA with Norfolk and Dedham, USAA, National Grange Mutual, and Amica now rounding out the top five. This example illustrates why it is crucial to spend some time comparing rates when trying to get the cheapest car insurance rates for retired military. Rates are impacted by many risk factors and can change without notice, so the most economical company three years ago may now be costing you a lot of money.
If you prefer to get help from a professional when comparing insurance rates for retired military, the agents listed below are willing to help you make a decision which auto insurance coverages would be the best in your situation.
To locate a Boston auto insurance agent nearest to you, click the button following the list.
- Massachusetts Fair Plan
2 Center Plz # 800 – Boston, MA 02108 – (617) 723-3800 - Knapp Schenck Insurance Services
1 India St #204 – Boston, MA 02109 – (617) 742-3366 - Cecil N Marchionne Insurance Agency, Inc
506 Main St – Medford, MA 02155 – (781) 391-7100 - Cavanaugh Insurance Agency
75 Boston-Providence Turnpike – Norwood, MA 02062 – (781) 762-3400 - Paul Lymneos Insurance Agency
4258 Washington St Suite 8 – Roslindale, MA 02131 – (617) 327-3870