Who Has the Cheapest Car Insurance Rates for Low Income Drivers in Boston?

Finding out which companies quote the best insurance rates for low income drivers takes a bit more effort in order to find the best price.

Every auto insurer has a different process for filing rates in each state, so let’s look at the rankings for the lowest cost insurance companies in Massachusetts. It’s a good idea to be aware that Boston, MA insurance rates are influenced by many factors which can significantly increase or decrease the cost of your policy. Getting older, having a claim, or having an accident may prompt premium changes that may make certain companies more affordable than before.

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State Farm has some of the cheapest car insurance rates in Boston at around $719 annually. National Grange Mutual, OneBeacon, GEICO, and Commerce Group would also be considered some of the cheapest Boston, MA insurance companies.

As illustrated above, if you currently have a policy with National Grange Mutual and switched to State Farm, you might see savings of around $88. Insureds with OneBeacon may save as much as $157 a year, and GEICO customers might realize rate reductions of up to $157 a year.

These rates are averaged for all drivers and vehicles in Massachusetts and and are not calculated with an exact location for low income drivers. So the car insurance company that has the lowest price for you may not even be in the list above. That helps illustrate why you need to get quotes using your own driver and vehicle profiles.

The vehicle to be insured is probably the most important factor that determines the availability of low-cost auto insurance for low income drivers. Vehicles with economical engines, a plethora of safety features, or a positive history of liability claims will cost significantly less to insure than high performance models. The next list features coverage rates for a number of the most cost-effective automobiles to buy insurance for.

Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Prices do not factor in specific zip code location which can impact premium rates significantly.

Looking at the numbers, vehicles like the Honda CR-V, Toyota Prius, Dodge Grand Caravan, Ford F-150, and Ford Escape are likely to be some of the cheapest vehicles to insure for poor drivers.

Accidents and violations increase rates

The easiest way to enjoy affordable insurance rates in Boston for poor drivers is to pay attention while driving and avoid tickets and accidents. The example below illustrates how speeding tickets and accidents can affect car insurance rates for different age groups of insureds. The price estimates are based on a single female driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.

In the previous chart, the average cost of a car insurance policy in Boston per year with no accidents and a clean driving record is $2,001. Get written up for one speeding ticket and the average cost jumps to $2,270, an increase of $269 each year. Now throw in one accident along with the one speeding ticket and the 12-month cost of insurance for low income drivers jumps again to an average of $3,026. That’s an increase of $1,025, or $85 per month, just for being a careless driver!

How to get discounts on Boston insurance rates

Auto insurance companies that offer coverage for low income drivers may also give you special discounts that can lower rates by as much as 35% if you meet specific eligibility requirements. Larger insurance companies and a partial list of their discounts can be read below.

• Farm Bureau offers discounts for renewal discount, safe driver, driver training, 55 and retired, multi-vehicle, and youthful driver.
• MetLife discounts include good student, defensive driver, good driver, multi-policy, and claim-free.
• Progressive offers premium reductions for online quote discount, good student, multi-vehicle, homeowner, and continuous coverage.
• AAA has discounts for education and occupation, multi-policy, good student, pay-in-full, and anti-theft.
• American Family includes discounts for bundled insurance, good student, defensive driver, good driver, air bags, and mySafetyValet.
• GEICO may offer discounts for anti-theft, daytime running lights, military active duty, membership and employees, multi-policy, and five-year accident-free.
• State Farm has savings for defensive driving training, Steer Clear safe driver discount, good student, multiple autos, good driver, multiple policy, and anti-theft.

The chart below illustrates the difference between insurance costs with and without discounts applied. The premiums are based on a male driver, no violations or claims, Massachusetts state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with anti-theft, defensive driving course, homeowner, marriage, multiple vehicle, and accident-free discounts applied. In this example, theaverage amount saved on insurance for low income drivers is 28% or $714.

Last year’s bargain might be this year’s rip off

Boston insurance rates are influenced by many factors which can substantially decrease or increase the price you have to pay for coverage. Simply improving your credit, increasing deductibles, or having an at-fault accident can trigger price changes that can make some companies more affordable than competitors.

Also, car insurance companies modify rates every year to ensure their profitability. A period of increased losses may cause increased policy costs, while a better claims history may cause cheaper Boston car insurance rates.

For instance, the data below shows the company with the cheapest car insurance in Boston, MA for a 40-year-old female driver with no prior claims, no tickets, and good financial standing. If we estimate prices based on her current situation, State Farm offers the cheapest car insurance rates in Boston at $992 each year. This is $243 less than the average premium paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon are also on the list of the cheapest Boston, MA auto insurance companies.

Let’s now give the driver from the first rate comparison a chargeable accident, a lower credit rating, and a few traffic violations. Because each insurer has their own guidelines to set their prices, getting updated rate quotes may now present a significantly different list of the cheapest Boston car insurance companies as shown below.

Arbella now has the cheapest price in Boston with USAA, Norfolk and Dedham, National Grange Mutual, and Amica now rounding out the top five. This illustrates why it is critical to compare lots of rates to get the cheapest insurance rates for low income drivers.

Car insurance prices are calculated by many things and change substantially, so the most economical option two years ago may now be one of the higher cost companies.

The Boston car insurance agencies listed below can probably provide answers to your questions and help you determine which insurance coverage will be best for you, since some people prefer to get some professional input when shopping for cheaper insurance for poor drivers. It can be challenging to find the cheapest rate yourself, and getting advice from a licensed Massachusetts insurance agent can bring satisfaction knowing you have suitable coverage if you ever need to use it.

To find a Boston insurance agent by location nearest to you, click the button at the bottom of the list or click here to compare price quotes now.

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