If you are a MA driver, it is important to know that Massachusetts has a competitive insurance market. This means that you will be quoted different rates from different companies. However, one thing that all insurance companies have in common is the types of information reviewed to determine your insurance premium. Here are the top 5 things that impact auto insurance rates in MA.
Driving History
This one was probably obvious but, nevertheless, important to mention. Your driving record will include accidents, moving violations, and other information that help insurance companies determine your risk level. Those with poor driving records will pay higher premiums (since they are more likely to file an insurance claim) than those with good driving records. So, the cleaner you can keep your driving record, the more money you will save on MA auto insurance.
Garaging Location
Garaging refers to where you keep your vehicle (and not necessarily in an actual garage). Your home address is commonly used. Areas with higher accident and auto theft rates (i.e. inner cities) will result in higher insurance premiums than more rural areas. This is because you are more likely to file an insurance claim when living in such areas.
Type of Vehicle
There are two reasons that the make, model, and mileage of your vehicle is considered when calculating MA auto insurance rates. First, insurance companies need to know the replacement value of your vehicle. More expensive cars will have higher insurance premiums. Secondly, vehicles with high theft rates will also have higher insurance rates.
Other Things That Impact Auto Insurance Rates in MA
The above are just the top 3 things that impact auto insurance rates in MA. There are many other factors such as your age, marital status, and credit score. For more information on this and for different ways that you can save on auto insurance costs, give our team a call at (617)277-5500. We provide free, no-obligation quotes!
