In years past, low cost car insurance in Massachusetts (MA) was hard to come by. The state had restrictions on insurance companies that increased rates, particularly for drivers living in cities like Boston, Worchester, Springfield, Lowell and Cambridge. But in April 2008, Massachusetts passed a law that opened up the insurance industry in the state, leading to lower rates for consumers.
With the new managed competition plan implemented in 2008, insurance companies now have greater leeway in creating customized policies for drivers. Previously, carriers were required to levy specific surcharges for traffic violations or car accidents. With managed competition, insurers can now devise and implement their own merit rating plans, deciding on an individual basis whether to apply surcharges. You can get low cost car insurance in Massachusetts of you have a good driving record, because insurers are now allowed to provide good driver discounts.
Massachusetts has certain minimum insurance coverage levels that all drivers in the state must maintain. If you drive in the Bay State you must have coverage that includes Bodily Injury Liability limits of $20,000 per injured person, with up to a total of $40,000 per incident. You must also maintain Property Damage Liability coverage with a minimum limit of $5,000
Drivers must also get Personal Injury Protection (PIP) which assists in paying for you or your passenger’s medical expenses in the event of an accident. Massachusetts law requires you to keep a minimum of $8,000 in Personal Injury Protection.
With all of these requirements, you might think it’s impossible to obtain low cost car insurance in Massachusetts, but the process for consumers is getting easier. Most insurers than ever are now competing for your business, which is helping to drive down rates. There are also online tools such as this website that make it fast and easy to find the best rate for you.
The key to finding low cost car insurance in Massachusetts is comparing policies and rates from multiple carriers. With so many insurers now competing, comparing rates from even three or four insurers is still only skimming the surface. It’s recommended that you evaluate rates from at least 5 insurers to find the best rate available to you.
Comparing rates using our service is easy. You just need to enter your zip code in the form above and you will be instantly connected to the best discount carriers in your area. With one click of the mouse you will be able to compare car insurance rates in Massachusetts. Click on more than one of the companies presented on the results page to compare rates. It’s time to start saving.