Cheap Car Insurance for Low Mileage Drivers in Massachusetts

Wouldn’t life be great if we could tell you instantly that one special company that has the best rates for low mileage drivers? It’s not quite that easy, unfortunately, as there are a whole bunch of unknown aspects such as the number of miles you drive in a year, whether you are a new or experienced driver, and whether you have good or poor credit. This article will discuss the best ways to avoid overpriced car insurance and hopefully give you enough understanding to have a good start in finding the cheapest insurance.

Establishing which company offers the cheapest car insurance rates for low mileage drivers requires a little more effort than just comparing a company or two. Each auto insurer uses their own method for determining prices, so let’s rank the car insurance companies with the most affordable rates in Massachusetts.

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State Farm has some of the lowest car insurance rates in Massachusetts at around $711 per year. National Grange Mutual, GEICO, Commerce Group, and OneBeacon would also be considered some of the lowest-priced Massachusetts car insurance companies.

As depicted above, if you currently have a policy with OneBeacon and switched to National Grange Mutual, you may realize savings of around $54. Insureds with Progressive may save as much as $168 a year, and Arbella customers might see rate reductions of $179 a year.

To compare your rates to other Massachusetts insurance companies, click here to start your free quote or visit several of the following companies.

Remember that these policy prices are averaged for all drivers and vehicles and and are not figured with a price decrease for low mileage drivers. So the car insurance company that has the cheapest price for you may not even be included in the above list. That points out the importance of why you need to get rate quotes from many companies using your own specific driver and vehicle information.

Everyone has different tastes in autos, and the style of vehicle requiring coverage is probably the largest consideration when comparison shopping for cheap car insurance for low mileage drivers in Massachusetts. Vehicles with high performance engines, a lack of modern safety features, or a high likelihood of having liability claims will cost more to insure than safer models.

The next tables shows insurance premiums for some of the more afforable vehicles to buy insurance for.

Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Premium amounts do not factor in vehicle garaging location which can impact coverage prices significantly.

Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Premium amounts do not factor in specific Massachusetts garaging location which can affect rates significantly.

Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Premium costs do not factor in specific Massachusetts garaging location which can decrease or increase price quotes substantially.

Difference between full coverage and liability only rates

Finding cheap car insurance for low mileage drivers in Massachusetts is probably important to the majority of people, and a good way to buy cheaper insurance is to only buy liability insurance. The chart below visualizes the comparison of yearly insurance costs with and without physical damage coverage. The rate quotes are based on a clean driving record, no at-fault accidents, $500 deductibles, marital status is single, and no other discounts are factored in.

If the expense is averaged for all age categories, full coverage costs an additional $2,103 per year over and above liability only. That is a large expense which might make you wonder when is it a good idea to stop buying full coverage. There is no definitive rule that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than around 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

There are some cases where removing full coverage is not in your best interest. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.

How to find cheap car insurance for low mileage drivers in Massachusetts

It is possible to find better rates, and here are many money-saving solutions that can help drivers get cheap coverage.

• Don’t waste money on full coverage for older vehicles
• Avoid accidents and claims
• Vehicles with safetly features generally cost less to insure
• Do not get tickets or violations
• Better credit scores save money
• Higher physical damage deductibles lower rates
• Comparison shop at least every other year

The last idea is especially important, as we discussed in the prior information. Auto insurance rates in Massachusetts can be modified anytime, so drivers shouldn’t hesitate to switch carriers if a better rate can be found.

Being loyal to a particular company is commendable, but it’s not a great idea if that loyalty results in overpaying potentially thousands of dollars a year. It only take a few minutes to shop around to find cheaper car insurance for low mileage drivers.

Cheapest insurance quotes for infrequent drivers

Drivers have a lot of different ways to find cheaper car insurance in Massachusetts, but the most preferred methods are from a captive (or exclusive) agency such as State Farm or Allstate, an independent agent, or direct either online or via phone.

All three ways can provide car insurance quotes, but buyers should know the differences in how they work.

Independent insurance agencies have contracts with many companies and can provide price quotes from all of them. They are not employed by only one company and can compare multiple rates, which can help you get the best chance of finding a lower price. If your agent finds better pricing, your policy can be easily switched to a different company which prevents you from having to find an new insurance agent.

An exclusive agent is able to place business with one company, for example Liberty Mutual and Allstate agents. These agents normally cannot provide rate quotes from other companies, so if rates are not competitive, they cannot shop around.

Buying direct means you bypass an agent and instead shop from a direct company like Esurance or Geico. Shopping for car insurance direct may be preferred by drivers who do not need advice for asset protection and know more than average about the exclusions of a policy.

So out of those three methods, which one works best for finding cheap car insurance for low mileage drivers in Massachusetts? The quick answer would be buying from a direct car insurance company saves money because there is no agent involved, but that generally is not the case. We could also say that an independent agency guarantees the best prices since there are more companies to choose from, but that idea is not necessarily true either. In the right set of circumstances, the exclusive agents have price quotes well below independent agents AND direct companies.

Because there are so many factors that make up car insurance rates, the one way to find out which one is cheapest is to get rate quotes and compare. Make the effort to get price quotes from independent, exclusive, and direct to give yourself enough choices. For a list of car insurance companies with low rates, click here to view.