Best Cheap Car Insurance for Good Students in Massachusetts

The vehicle model needing coverage is probably the biggest factor when comparing quotes for the best auto insurance for good students. Vehicles with high performance engines, poor safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than safer models.

The data below ranks car insurance prices for the most economical automobiles to buy coverage for.

Prices above based on single female driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in vehicle location which can increase or decrease auto insurance rates significantly.

Looking at the rates, we can conclude that models like the Honda CR-V, Ford Escape, Volkswagen Jetta, and Honda Accord are most likely to be the cheaper vehicles to insure for student drivers.

When shopping for cheaper car insurance for student drivers, one of the many things that is looked at to help calculate the amount you pay each year for auto insurance is where you call home in Massachusetts. More densely populated places like Revere, Lynn, and Lawrence tend to have more expensive car insurance rates, whereas areas with less congestion have the luxury of the best cheap car insurance for good students in Massachusetts.

The illustration below illustrates the most costly cities in Massachusetts for good students in which to buy car insurance.

Premium costs are estimated as the specific zip code location can revise price quotes significantly.

Finding cost effective car insurance is challenging, and finding out which companies have the cheapest auto insurance rates for good students will take even more diligence. Each auto insurance company uses different criteria for setting rates, so let’s take a look at the lowest cost auto insurance companies in Massachusetts.

It’s important to understand that Massachusetts auto insurance rates are determined by lots of factors which can substantially decrease or increase your annual premium. Price variation is why it is important to compare as many rates as possible to get the most economical car insurance rates for good students. Car insurance prices are influenced by many different factors and change frequently, so the cheapest rate two years ago may now cost much more than other companies.

Best Insurance Companies for Students

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State Farm may have some of the most affordable car insurance rates in Massachusetts at around $711 annually. National Grange Mutual, GEICO, Commerce Group, and OneBeacon also are some of the cheapest Massachusetts insurance companies.

In the above example, if you currently buy coverage from National Grange Mutual and switched to State Farm, you might realize annual savings of upwards of $96. Customers with GEICO might save as much as $131 a year, and Commerce Group policyholders might reduce rates by $164 a year.

Remember that these policy rates are averages for all types of insureds and vehicles and do not factor in a rate discount for good students. So the auto insurance company that can offer you the lowest price may not even be in the list of companies above. That is why you need to compare rates from as many companies as possible using your own individual information.

Get discounts on Massachusetts car insurance

Insurers that offer the best cheap car insurance for good students in Massachusetts may also provide premium discounts that could potentially reduce rates by as much as 30% if you meet certain criteria. A list of auto insurance companies and their possible discounts are outlined below.

The chart below illustrates the comparison of yearly insurance costs with and without discounts. The premiums are based on a male driver, a clean driving record, no at-fault accidents, Massachusetts state minimum liability limits, comp and collision included, and $100 deductibles.

The first bar for each age group shows premium with no discounts. The second shows the rates with paperless filing, anti-theft, paid-in-full, passive restraint, vehicle safety, and continuous coverage discounts applied. When drivers take advantage of discounts, the the amount saved on auto insurance for good students is % or $.

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The information below highlights how deductible choice can increase or decrease insurance costs when quoting cheap insurance for good students. The rate quotes are based on a married male driver, full coverage, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2833,2591,2319,2061],[‘Age 30’, 1493,1365,1213,1067],[‘Age 40’, 1433,1315,1175,1041],[‘Age 50’, 1311,1203,1079,959],[‘Age 60’, 1283,1177,1055,937],[‘Age 70’, 1473,1357,1229,1105]]);var options = {title: ‘Comparison of Deductible Levels and Auto Insurance Prices in Massachusetts’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

As shown above, a 30-year-old driver could reduce rates by $258 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $392 by choosing a $1,000 deductible. Young drivers, such as the 20-year-old example, could potentially save up to $772 or even more by choosing a larger deductible amount.

If you do make the decision to raise your deductibles, it is essential to have plenty of savings on hand to allow you to cover the extra out-of-pocket expense that is associated with using high deductibles.