Updated: October 3, 2024
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Rates updated:
Nov 20, 2024
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Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
MoneyGeek’s car insurance calculator for Massachusetts helps you get a quick estimate of your car insurance costs in the state.
There are numerous factors affecting the cost of car insurance. MoneyGeek analyzed how companies calculate insurance premiums in Massachusetts to help you figure out which factors have the biggest impact and are driving your cost.
Getting a finalized car insurance quote directly from an insurer in Massachusetts requires sharing personal information and usually takes around 10 to 15 minutes to complete.
If you use MoneyGeek’s calculator, you’ll get an estimated quote detailing how much you need to pay every month or every year. This amount is based on your age, driving record, vehicle type and coverage levels.
Aside from the estimate, our tool also shows which factors have the most impact on your rates. In Massachusetts, adding a teen driver, your age and chosen coverage levels are generally the most significant factors. Note that the most important factor for you may be different based on your personal circumstances and driver profile.
The cheapest company is not necessarily the same for all drivers, but our calculator can get you a close estimate. For our 40-year-old default driver, the most affordable insurance in Massachusetts is an average of $400 per year from State Farm, the cheapest widely available company.
While price is an important consideration, the right coverage and the insurance provider’s quality of customer service are also worth looking into before buying a policy.
Whether you are shopping around for a new car insurance policy or looking at how much car insurance costs for a specific model before buying it, MoneyGeek’s resources can help you find the right car insurance policy.
To get the most savings, you can use our car insurance calculator or browse our collection of sample drivers in our cheapest car insurance in Massachusetts guide.
You can also compare how car insurance costs for the same coverage across different insurers nationwide through our analysis of the average cost of car insurance in Massachusetts.
MoneyGeek also ranked providers on their affordability and quality of customer service to help you find the best car insurance companies in Massachusetts.
Several factors determine the cost of car insurance, with some weighing more heavily than others. In Massachusetts, the most important factors are adding a teen driver, your age and the coverage level you select. The most expensive is adding a teen driver to your family policy, which can multiply your car insurance rates by as much as 3x. The driver’s age changes the rate by 2.7x, while increasing your coverage can multiply the rate by 2.4x.
Adding a teen driver to your policy can triple your rates. Teen drivers are inexperienced and more likely to be involved in accidents than older drivers, so insurers deem them as high risk and your rates increase accordingly.
In Massachusetts, the age of the driver matters when calculating car insurance rates. Insurers deem young drivers to be a higher risk than older drivers, which increases their rates by as much as 2.7x.
A senior driver pays the cheapest car insurance rates in Massachusetts, while drivers aged 19 to 20 pay the highest rates.
Car insurance companies calculate insurance premiums in Massachusetts depending on your chosen coverage level. Lesser coverage means cheaper premiums, which becomes more expensive as you increase your coverage.
A state minimum liability only policy is 2.4x cheaper than a full coverage with 100/300/100 coverage limit with a $500 deductible.
The type of car that you own can also significantly impact your car insurance rates. When calculating insurance premiums in Massachusetts, insurance providers consider the repair costs as well as the likelihood of a specific car model being stolen or damaged. If you own a luxury car, expect to see car insurance rates that are two times more expensive than those for an SUV or sedan.
Keeping a clean driving record gives you more savings on car insurance. On average, drivers with a clean record pay 1.8x less for their car insurance than drivers with a DUI violation.
One of the primary considerations when calculating insurance premiums in Massachusetts is the amount of coverage you purchase. Considering how much coverage you actually need helps narrow down the policy with the right combination of cost and protection.
Massachusetts requires drivers in the state to have bodily injury coverage, uninsured motorist coverage, property damage liability, and personal injury protection, also known as PIP. Depending on your situation, you can consider upgrading your liability insurance and adding comprehensive and collision coverage.
Every state has its own minimum coverage requirements. Massachusetts minimum car insurance requirements require drivers to have bodily injury coverage, uninsured motorist coverage and PIP protection.
The mandated state minimum insurance policy must have at least 20/40/5 liability limits. That is $20,000 coverage for bodily injuries per person (and $40,000 per accident), plus $40,000 uninsured motorists. It must also include $5,000 for property damage per accident and $8,000 for personal injury protection. Because these are the minimum requirements, you may want to increase your liability coverage.
State minimum coverage may not be enough, especially if you’re in a major accident. To ensure that you are protected against medical and property damage costs, you may need to increase your liability insurance.
Minimum liability insurance in Massachusetts costs an average of $603 per year. Increasing it to $300,000 in bodily injury liability per accident costs about $833 per year.
Whether you need a full coverage policy or not depends on your personal circumstances. While Massachusetts law does not require a policy with comprehensive and collision insurance, it may be required by your lender if you’re financing or leasing your car.
The cost of adding comprehensive and collision with a $1,000 deductible is an average of $456 per year in Massachusetts. It could save you a lot in the long run because it covers all types of damages to your vehicle. However, if you own an old car with a low replacement value, the annual cost of full coverage may not make financial sense.
About 3.5% of drivers in Massachusetts are uninsured; that’s one of the lowest rates in the country. However, uninsured motorist insurance with at least the same bodily injury limits as your liability coverage is included in the state’s mandatory minimums.
Another included coverage is $8,000 worth of personal injury protection. If you’re in an accident, PIP helps protect you financially by covering medical expenses and lost wages.
If you know the factors that go into determining your car insurance premium, you can make better choices. Below, MoneyGeek answers a few of the most frequently asked questions about calculating how much car insurance you need in Massachusetts.
You can use MoneyGeek's car insurance calculator to get an estimate of how much you need to pay for car insurance in Massachusetts.
Adding a teen driver to your policy, your age and chosen coverage levels are the factors with the biggest impact on your car insurance rates in Massachusetts.
Start with meeting the minimum requirements for car insurance required by law in Massachusetts. Then you can increase liability coverage and determine whether you should get collision and comprehensive insurance coverage.
MoneyGeek partnered with Quadrant Data Services to get car insurance quotes from across Massachusetts. Our data science team analyzed how personal factors impacted cost and incorporated our findings into our calculator to provide users with an accurate estimate of their expected yearly auto insurance costs. Read more about our methodology here.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
