by Stanton Insurance Agency, Inc. | Jun 5, 2024

How Much is Car Insurance Per Month in Massachusetts? Top Rates 2024

Introduction

When trying to understand how much is car insurance per month in Massachusetts, here’s a quick breakdown of the average costs:

Full coverage: $202 per month
Minimum liability: $63 per month

These figures are derived from reliable data, making Massachusetts one of the more pricey states for auto insurance.

Several factors affect the cost of car insurance in the Bay State. Unlike most other areas, Massachusetts has unique regulations that exclude age, gender, marital status, and credit in determining your rates. This can be good news if you have poor credit or fall into other categories that would normally increase premiums.

Other crucial factors include:

Driving record: A clear record leads to lower rates.
Vehicle type: More expensive models can elevate your premiums.
Location: Rates can vary significantly within the state.

By understanding these factors, you can better navigate your options and secure affordable insurance coverage.

Average Monthly Car Insurance Costs in Massachusetts

Factors Influencing Monthly Costs

When it comes to how much is car insurance per month in Massachusetts, several factors come into play. On average, drivers in Massachusetts pay around $128 per month for car insurance. However, this number can fluctuate based on various elements:

Age

Age is a critical factor in determining car insurance premiums. Younger drivers, particularly teenagers, face higher premiums due to their inexperience. For example, a 16-year-old might pay a whopping $5,046 annually (or about $420 per month). On the other hand, drivers in their 50s pay much less, averaging $1,030 per year (around $86 per month).

Driving History

Your driving record significantly impacts your premiums. A clean record can help you secure lower rates, while violations like speeding tickets or DUIs can cause substantial increases. For instance, getting a DUI in Massachusetts could hike your annual premium by $1,092.

Coverage Level

The type of coverage you choose also affects your monthly costs. Full coverage, which includes liability, collision, and comprehensive insurance, is more expensive than minimum coverage. On average, full coverage in Massachusetts costs $202 per month, while minimum coverage is about $105 per month.

Vehicle Type

The make and model of your vehicle play a role in your insurance costs. Insurers consider factors like the car’s value, repair costs, and safety features. For example, insuring a 2022 Honda Accord LX might cost $118 per month, whereas a 2020 model would be slightly cheaper at $110 per month.

Location

Where you live in Massachusetts can also influence your car insurance premiums. Cities with higher traffic density, crime rates, or accident frequencies generally have higher premiums. For instance, drivers in Boston might pay an average of $313 per month, while those in Newton could pay around $226 per month.

By understanding these factors, you can better estimate your monthly car insurance costs and find ways to lower them.

How Much is Car Insurance Per Month in Massachusetts?

When it comes to car insurance in Massachusetts, understanding the difference between full coverage and minimum coverage can help you make an informed decision.

Full coverage typically includes liability, collision, and comprehensive insurance, offering broader protection. On average, full coverage in Massachusetts costs about $1,070 per year, which breaks down to around $89 per month. However, some sources report higher averages, such as $202 per month for full coverage. This discrepancy can be due to different sample profiles and data sources.

Minimum coverage, on the other hand, only meets the state-required limits. In Massachusetts, this includes $20,000 for bodily injury per person, $40,000 per accident, and $5,000 for property damage. The average cost for minimum coverage is about $458 per year, or approximately $38 per month. Some sources suggest a slightly higher average of $63 per month.

At Stanton Insurance Agency, we offer both full coverage and minimum coverage options. Our team can help you determine which level of coverage is best suited for your needs and budget. For more details and to get a personalized quote, visit our Car Insurance page.

Car Insurance Costs by Age in Massachusetts

Teen Drivers

Teen drivers, especially those aged 16, face the highest car insurance costs in Massachusetts. This is primarily due to their lack of driving experience and higher risk of accidents. For instance, the average annual premium for a 16-year-old driver is a staggering $5,046. The costs slightly decrease as they gain more experience: 17-year-olds pay around $4,506 annually, and 18-year-olds face premiums of about $4,333 per year.

Senior Drivers

Senior drivers, on the other hand, enjoy some of the lowest insurance rates. This is because they are often seen as more experienced and cautious drivers. For example, drivers in their 60s pay an average of $944 annually, while those in their 70s pay even less, averaging $918 per year.

The significant difference in premiums between teen and senior drivers highlights how age and driving experience can impact car insurance costs in Massachusetts.

Next, let’s explore how your driving record can influence your car insurance premiums.

Car Insurance Costs by Driving Record in Massachusetts

Impact of Violations on Premiums

Your driving record is a crucial factor in determining how much is car insurance per month in Massachusetts. Insurers consider your history to assess risk, and any violations can lead to higher premiums.

DUI (Driving Under the Influence)

A DUI is one of the most severe violations. In Massachusetts, a single DUI can increase your insurance premium by about 80%. For example, the average annual premium for a driver with a clean record is around $1,711. After a DUI, this can jump to approximately $2,292.76. This significant increase reflects the high risk associated with impaired driving.

Speeding Tickets

Speeding tickets also impact your insurance costs, though not as drastically as a DUI. A single speeding ticket can raise your premium by about 29%. For instance, if your annual premium was $1,711 with a clean record, it could increase to around $1,154.76 after a speeding violation. While less severe than a DUI, repeated speeding tickets can lead to even higher rates or potential coverage denial.

At-Fault Accidents

Being at fault in an accident can significantly impact your insurance premiums. The increase depends on the severity and cost of the accident. For minor at-fault accidents (less than $1,000 in damage), expect an increase of around 60%. For example, a clean record premium of $1,711 could rise to $1,879.44. For more severe accidents, the increase could be even more substantial.

Here’s a quick comparison of average annual premiums based on different violations:

Violation Type	Average Annual Premium	Percentage Increase
Clean Record	$1,711	–
DUI	$2,292.76	80%
Speeding (21-25 MPH > limit)	$1,154.76	29%
At-Fault Accident (<$1,000)	$1,879.44	60%

In summary, maintaining a clean driving record is essential for keeping your car insurance costs manageable. Violations like DUIs, speeding tickets, and at-fault accidents can lead to substantial increases in your premiums, sometimes making it challenging to find affordable coverage.

Next, let’s delve into how different levels of coverage can affect your car insurance costs in Massachusetts.

Car Insurance Costs by Coverage Level in Massachusetts

State Minimum Requirements

In Massachusetts, the state mandates that drivers carry certain minimum levels of car insurance. These requirements include:

$20,000 bodily injury liability per person
$40,000 bodily injury liability per accident
$5,000 property damage liability per accident

These minimums are designed to ensure that drivers have basic financial protection in case of an accident. However, they may not be sufficient for all situations, especially if the accident involves significant damages or injuries.

Liability-Only Coverage

Liability-only coverage is the most basic form of car insurance. It meets the state minimum requirements and covers damages and injuries you cause to others in an accident. It does not cover your own vehicle or medical expenses.

Average Annual Premium: $458
Average Monthly Premium: $38

Full Coverage

Full coverage includes liability, comprehensive, and collision insurance. Comprehensive covers non-collision-related incidents like theft or natural disasters, while collision covers damages to your vehicle from an accident.

Opting for full coverage provides more extensive protection but comes at a higher cost. The deductible you choose can also impact your monthly premiums.

$500 Deductible

Average Annual Premium: $1,010
Average Monthly Premium: $84

$1,000 Deductible

Average Annual Premium: $1,070
Average Monthly Premium: $89

Comparing Full Coverage vs. Minimum Coverage

The difference in cost between full coverage and the state minimum can be significant. For instance, the average annual premium for state minimum liability-only coverage is $458, while full coverage with a $500 deductible costs $1,010 annually. This means that full coverage can be more than double the cost of minimum coverage but offers much broader protection.

When deciding how much is car insurance per month in Massachusetts, weigh the benefits of full coverage against its higher premiums. For many, the added peace of mind and financial protection make full coverage worth the extra cost.

Next, let’s look at how different age groups are affected by car insurance costs in Massachusetts.

Frequently Asked Questions about Car Insurance in Massachusetts

How much does car insurance cost in Massachusetts per month?

The average cost of car insurance in Massachusetts is around $128 per month. However, it can vary significantly based on factors such as your driving history, location, and the type of coverage you choose. At Stanton Insurance Agency, we offer personalized quotes to help you find the best rates based on your specific circumstances.

What is the cheapest car insurance in Massachusetts?

At Stanton Insurance Agency, we strive to provide the most affordable car insurance options in Massachusetts. We offer a variety of discounts and competitive rates that can help lower your premiums. Our team is dedicated to finding you the best coverage at the lowest possible price.

Is car insurance high in Massachusetts?

Yes, car insurance in Massachusetts tends to be higher than the national average. However, at Stanton Insurance Agency, we work hard to keep our rates as competitive as possible. We offer a range of coverage options and discounts that can help manage the costs and ensure you receive quality insurance that fits your budget.

Conclusion

At Stanton Insurance Agency, we understand that finding affordable car insurance in Massachusetts can feel daunting. With so many factors influencing your rates, it’s crucial to compare quotes and explore all your options.

Comparing Quotes

Comparing quotes from different insurers is one of the best ways to ensure you’re getting the best rate. Rates can vary significantly between companies, even for the same coverage levels. By gathering quotes, you can identify which insurer offers the most competitive rates for your specific needs.

Finding Affordable Coverage

To find affordable coverage, consider the following tips:

Choose Higher Deductibles: Opting for a higher deductible can lower your monthly premiums. While you’ll pay more out-of-pocket in the event of a claim, the savings on your monthly payments can be substantial.
Leverage Discounts: Many insurers offer discounts for safe driving, bundling policies, low mileage, and more. Always ask about available discounts to reduce your premium.
Review Your Coverage Regularly: Life changes, such as moving to a new area or buying a new car, can impact your insurance needs. Regularly reviewing and updating your coverage ensures you have the best rates for your current situation.
Explore Usage-Based Insurance: Programs that track your driving habits can offer lower rates for safe drivers. This can be a great way to save if you drive less or have excellent driving habits.

By taking these steps, you can find a policy that fits your budget without compromising on coverage.

For personalized assistance and to compare quotes, visit our Car Insurance page. Our team at Stanton Insurance Agency is here to help you navigate the complexities of car insurance and find the best coverage for your needs.