Who Has Cheap Car Insurance Quotes for Teenage Females in Massachusetts?

Life would sure be easier if we could simply tell you the company that has the cheapest policy rates in Massachusetts. It’s not that easy, however, as there are a lot of unknown factors such as if you want the added protection of full coverage, whether you are female or male, and what your desired deductibles are, that all impact the cost of coverage. This article will discuss some of these factors and will hopefully give you a good start in finding the cheapest car insurance.

Performance level and cost of the vehicle you are buying coverage for is one of the largest factors when comparing cheap car insurance for teenage females in Massachusetts. Vehicles with average performance, modern passenger safety features, or a track record of few liability claims will cost substantially less to insure than adrenaline junky models. The tables below showcases insurance costs for a handful of the most affordable vehicles to buy insurance for.

Price data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in specific zip code location which can raise or lower premium rates substantially.

Table data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in zip code location which can modify auto insurance rates significantly.

Premium data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate information does not factor in vehicle garaging location which can increase or decrease premium rates greatly.

When shopping for cheaper car insurance for teen girls, one of the many criteria that car insurance companies use to calculate the cost of insurance is where your residence is. Densely populated urban areas like Revere, Lynn, and Malden tend to have more expensive car insurance rates, whereas areas with lower crime rates and fewer weather claims have the luxury of cheap car insurance for teenage females in Massachusetts.

The following table rates the most expensive places in Massachusetts for teenage females to purchase car insurance in.

Rates are approximated as the specific Massachusetts residence address can increase or decrease rates substantially.

Insurance rate increases from tickets or accidents

The common sense way to get low auto insurance premiums in Massachusetts for teen girls is to be an attentive driver and not get tickets or have accidents. The diagram below shows how traffic citations and at-fault collisions can affect insurance premiums for different ages of insureds. The data is based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.

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In the previous example, the average cost of a car insurance policy in Massachusetts per year with a clean driving record and no accidents is $1,661. Get two speeding tickets and the average cost surges to $2,295, an increase of $635 each year. Then include two accidents along with the two speeding tickets and the yearly cost of auto insurance for teenage females increases to an average of $4,534. That’s an increase of $2,873, or $239 per month, just for not driving attentively!

Does full coverage make sense?

Finding cheap car insurance for teenage females in Massachusetts is important to most people, and a good way to lower the cost of insurance is to not buy full coverage. The information below compares insurance rates with full physical damage coverage compared to only buying liability only. The premiums assume no claims or driving citations, $1,000 deductibles, drivers are single, and no discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 3199,1339],[‘Age 30’, 1665,735],[‘Age 40’, 1629,681],[‘Age 50’, 1487,637],[‘Age 60’, 1447,627],[‘Age 70’, 1809,837]]);var options = {title: ‘Full Coverage Compared to Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Massachusetts’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

Averaged out for all age groups, full coverage on your policy costs $1,873 per year more than insuring for liability only. That touches on the question when is it a good idea to stop buying full coverage. There is no set rule for dropping physical damage insurance, but there is a general school of thought. If the yearly cost of comp and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

There are a few cases where only buying liability is not a good idea. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.

Progressive, Allstate, State Farm, and Geico: Who is best?

If you are looking for the best auto insurance, the companies that insure more vehicles than anyone else are Progressive, Allstate, State Farm, and Geico. If you add them together, they insure 48.5% of all car insurance policies written. All of them have a distict selection of optional coverages and features that can influence your buying decision. The table below illustrates some of the ratings and options that are available for customers.