Cheapest Car Insurance for Low-Income Drivers in Massachusetts (October 2024)

For drivers in Massachusetts with low income, State Farm offers the cheapest minimum coverage car insurance at $18 per month. Families with teens find the best rates with State Farm at $35 per month. Although Massachusetts doesn't offer state-backed insurance pools for drivers with low income, these affordable plans can help manage costs.

A minimum coverage policy is usually the cheapest, but it may not cover all expenses in an at-fault accident. Consider pay-per-mile insurance if you don't drive much, which is an even more affordable option in the Bay State.

Car insurance companies in Massachusetts do not consider income when calculating your car insurance rates. Instead, they look at factors like age, driving record, credit history and type of car. At-fault accidents and moving violations will increase your rates.

To find the cheapest rates, it's essential to compare quotes from several insurance companies. If your budget is tight, a minimum coverage policy is often the cheapest way to stay legal on the road. Pay-per-mile insurance is an excellent option for drivers who rarely drive.

MoneyGeek rounded up the cheapest insurers for drivers with low income in Massachusetts to help you save.

To operate a vehicle in the Bay State legally, you're required to carry minimum car insurance requirements that include the following coverage amounts:

• $20,000 for bodily injury liability per person
• $40,000 for bodily injury liability per accident
• $5,000 for property damage liability per accident
• $20,000 uninsured motorist bodily injury per person
• $40,000 uninsured motorist bodily injury per accident
• $8,000 personal injury protection (PIP) per accident

When considering your insurance options, liability-only car insurance is the most affordable option that covers expenses for the other party if you're at fault in an accident. However, it does not cover damages to your own vehicle. To protect your own car, you might consider full coverage car insurance, which includes collision and comprehensive coverages. These policies cover a range of incidents, including collisions, theft or natural disasters.

Understanding the risks and benefits of each policy type is crucial for finding the coverage that balances protection and cost and meets your needs.

The cheapest car insurance in Massachusetts for drivers with low income and good credit are:

• State Farm: $221 per year; $18 per month
• Safety Group: $288 per year; $24 per month

Driving without insurance in Massachusetts is considered a misdemeanor and can lead to suspension of your driver's license and vehicle registration, fines ranging from $175 to $1,000 and other penalties. Make sure you're covered to drive legally and safely.

Income may not affect car insurance premiums in Massachusetts, but your family situation can influence the cost. Single parents with a teen face higher rates, averaging $860 annually, while married couples enjoy a more affordable rate, typically $421 per year — a significant difference in the yearly budget.

The cheapest car insurance companies for married couples with a teen are:

• State Farm: $421 per year; $35 per month
• Progressive: $647 per year; $54 per month

The cheapest car insurance companies for single parents with a teen are:

• State Farm: $860 per year; $72 per month
• GEICO: $1,586 per year; $132 per month

These figures show that single parents may pay almost double for minimum coverage auto insurance compared to married couples. This disparity reflects how insurers assess risk and family responsibility. Keeping a solid credit record can be a key strategy for single parents seeking to lower their car insurance expenses.

Car insurance premiums generally decrease as you reach the early senior years, typically around ages 55 to 65, especially if you have a clean driving record. The two cheapest car insurance for senior drivers with low income are:

• State Farm: $167 per year; $14 per month
• Safety Group: $179 per year; $15 per month

After age 70, car insurance rates typically increase as older drivers are statistically considered higher risk. This trend continues each year, meaning premiums generally rise as seniors age. In Massachusetts, specific laws or guidelines may apply to seniors getting car insurance.

Many factors influence car insurance rates. Although your income doesn't affect the price directly, you might pay more depending on your location and your driving history. Understanding these factors can help you find the best car insurance for your needs.

There are several strategies to help you find affordable car insurance in Massachusetts, even if there are no state-sponsored programs. Here are some tips to lower your car insurance premiums:

Finding affordable car insurance in Massachusetts can be challenging for drivers with low incomes. Here are answers to some of your most common questions on how to save.