The average cost of car insurance in Boston is $1,554 per year for full coverage and $613 per year for minimum coverage insurance, according to Bankrate’s 2021 study of annual quoted premiums. Quadrant Information Services data shows that Geico and The Hanover offer the best car insurance prices in Boston, depending on your level of coverage.
Budget is an important factor for many drivers. However, it is crucial to find the right car insurance in Boston that meets your needs. If you are in an accident, buying a policy that is not right for you could result in significant out-of-pocket costs. Bankrate can help you find the right carrier for your needs and budget.
The best car insurance companies Boston
Based on our research, Amica, Geico, The Hanover and Plymouth Rock are some of the best car insurance companies in Boston. Bankrate’s editorial team looked at the average premiums, available coverages and policy features for the top insurance companies in Boston. These companies might offer quotes for Boston residents looking to purchase car insurance.
For more than 20 years, Amica has earned the highest official ranking from J.D. The New England region is a powerhouse. The annual auto insurance study ranking of Amica is based on customer satisfaction in several areas including billing and claims services. Amica is a great choice if you’re looking for exceptional customer service. Amica also offers unique dividend plans that can return as much as 20% of your car insurance premium each calendar year.
Geico has the lowest average premium for full coverage among all Boston insurance companies. Geico may be an option if budget is your main concern. Because of the many discounts available, Geico’s average premiums may be very low. There are many discounts that you could get for being a safe driver or federal employee.
The Hanover, a Massachusetts-based company, offers many perks to Boston drivers. It offers competitive rates and offers discounts and coverage that are not available from other companies. Prestige Auto is a package that covers high-end vehicles. It includes global rental coverage, rental upgrade, and full replacement cost for older cars. The company offers coverage for original manufacturer equipment (OEM), accident forgiveness, deductible dividends, and full replacement cost.
Plymouth Rock Assurance, a regional insurance company, sells policies throughout New England. Plymouth Rock offers a few unique features. You might be eligible for a discount if you’re a member or a sponsor of a motor club. Plymouth Rock’s Get Home Safe program will pay for a rideshare or taxi if you feel unsafe driving.
Boston has the lowest car insurance
Boston’s average annual car insurance cost is $613 for minimum coverage, and $1,554 full coverage. This is slightly higher than the Massachusetts annual average of $510 for minimum coverage and $1.223 for complete coverage.
If you are looking for the cheapest car insurance in Boston, look at the following five companies, which all offer annual rates below the Boston average.
These companies are also on our “best” list. These premiums are typically lower than Boston’s, but they will vary depending on what coverage you need. Keep in mind, however, that car insurance rates can be very personal. How much you pay will depend on your individual rating factors. These include your driving record, your car type, and your coverage limits.
Boston insurance requirements
Like most states, Massachusetts requires you to carry a minimum amount of car insurance to drive legally in the state. The minimum amount of car insurance required to drive legally in Massachusetts is:
- $20,000 per person for bodily injury liability
- $40,000 per accident for bodily injury liability
- $5,000 per accident for property damage liability
- $8,000 in personal injury protection (PIP)
- $20,000 per person for injuries sustained by an uninsured driver
- $40,000 per accident for injuries sustained by an uninsured motorist
Important to remember that even the minimum requirements might not be sufficient in an accident. Insurance professionals will recommend you buy higher liability limits if possible. You will be responsible for any excess damages incurred by you if you cause an accident. You will be protected financially if you have higher liability limits.
Also, the state minimum coverage does NOT include collision or comprehensive insurance. This covers any damage to your vehicle. These coverages may be worth considering if your vehicle is older or you don’t have the money to pay for repairs yourself. Your financial institution may require that you carry full coverage if you have a vehicle loan or lease.
Boston offers car insurance discounts
Most car insurance companies in Boston offer discounts, which can lower your premium considerably and help you get cheap auto insurance coverage. Ask your agent about any discounts that might be available when you’re building your policy. Many can be very easy to get. These are some of the most common in Boston.
- Student discounts: A student or young adult driver who has attained a minimum B letter-grade average and is currently enrolled full-time may be eligible for a discount on their policy.
- Good driver: Insurers often use telematics technology to track your driving habits and provide real-time information. You might be eligible for a personal discount if you are a safe driver.
- Safety features in your vehicle: You might be eligible for this discount if you have airbags, antilock brakes, or other safety features.
- You can save money by paying your premium in one lump sum.
- Customer loyalty: If you stay with the same company for a number of years you might be eligible to receive a price cut.
Each insurer has different discount options. It is worth researching the discount offered by each company to see what savings you might be eligible for. Even though discounts can be found online, it is best to speak with an agent or representative of the company to find out what discounts might apply to you.
Questions frequently asked
Which is the best auto insurance company?
There are many factors that will determine which car insurance company is best for you. One driver may be better off with a different car insurance company than another. The best car insurance company for you will depend on your driving record, whether you qualify for discounts, what coverage you need, and your priorities. Getting quotes from several of the largest auto insurance companies and smaller companies that fit your needs can help you find the best policy for your needs.
What is the cost of car insurance in Boston?
An average car insurance policy costs $613 annually for minimum coverage. $1,554 is for full coverage which includes collision and comprehensive. The age of your car, as well as your age, will impact how much you pay for car insurance in Boston.
What amount of car insurance do you need in Boston?
Massachusetts requires 20/40/5 minimum insurance, which includes personal injury protection and uninsured driver coverage. The minimum coverage requirements are not available to you. However, the amount of coverage that you need will depend on your unique situation. Full coverage is required if you have a loan, lease or other financial obligation. Your personal risk tolerance, the value of your assets and your driving habits (e.g. how frequently and how far) will all influence what limits you choose. A good way to find the right coverage for you is to work with an agent.