Who Has the Cheapest Car Insurance Quotes for Veterans in Massachusetts?

The vehicle model that is being insured is a large consideration that determines whether or not you find the cheapest auto insurance for veterans in Massachusetts. Vehicles with lower performance, advanced safety features, or low incidents of liability claims will cost substantially less to insure than fast, unsafe models. The list below shows auto insurance costs for a selection of the most cost-effective automobiles to insure.

Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Rate information does not factor in specific garaging location which can decrease or increase prices greatly.

Based upon the table data, you can figure that cars like the Chevrolet Traverse, Ford Escape, Honda CR-V, Hyundai Tucson, and Chevrolet Impala will definitely be some of the cheapest vehicles to insure for veterans.

When shopping for cheaper car insurance for veterans, one of the many things that help determine the cost of insurance is where you normally keep your vehicle. More densely populated places like Revere, Malden, and Springfield tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower coverage costs.

The illustration below shows the highest-priced areas in Massachusetts for veterans in which to buy car insurance.

Premium costs are approximated as the specific geographic location can impact auto insurance rates considerably.

Tickets and at-fault accidents raise rates

In a perfect world, the ideal way to obtain affordable insurance rates in Massachusetts for veterans is to be a cautious driver and avoid accidents and keep your driving record clean. The example below shows how violations and at-fault fender-benders can affect insurance rates for each age group. Data assumes a married female driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.

In the chart above, the average cost of car insurance in Massachusetts per year with no accidents and a clean driving record is $1,079. Receive one speeding ticket and the average cost jumps to $1,258, an increase of $179 each year. Now get one accident along with the one speeding ticket and the 12-month cost of insurance for veterans goes up to an average of $1,755. That’s an increase of $676, or $56 per month, just for not keeping your driving record clean!

Cost of full coverage

Finding the cheapest auto insurance for veterans in Massachusetts is probably important to the majority of drivers, and an easy way to find cheaper insurance is to not buy full coverage. The diagram below shows the difference between insurance costs with full coverage and liability only. Data assumes no accidents, no driving violations, $500 deductibles, single marital status, and no additional discounts are factored in.

If we average all the age groups together, full coverage costs an extra $1,576 per year more than just buying liability only. Many of you may wonder if it’s a good idea to buy full coverage. There is no definitive rule to delete comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

There are some situations where eliminating full coverage is not in your best interest. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should maintain full coverage.

Allstate, Progressive, Geico, or State Farm: Who is cheapest?

When comparing car insurance for veterans in Massachusetts, the four most popular companies are Allstate, Progressive, Geico, and State Farm. When added together, they insure about half of the entire U.S. car insurance market. The table below shows some of the different options shoppers can find with each company.