There are a number of important pieces of information that anyone interested in buying auto insurance in Massachusetts needs to know. This page provides all the data necessary for car insurance customers in MA to be informed purchasers. Informed purchasers make better decisions and save more money, but few people have time to search the web or other locations for everything they need to know. Read on to discover all the facts about how auto insurance works in Massachusetts.
Massachusetts Auto Insurance Requirements
Massachusetts drivers are required to keep proof of auto insurance whenever they drive, meaning that car insurance is a mandatory requirement. Failure to comply with this requirement may result in a fine of between $500 and $5000, up to a year of jail time, loss of license or revocation of registration and tags. This is among the most serious car insurance punishments, so people who live in Massachusetts shouldn’t try to flaunt the insurance laws under any circumstances.
MA insurance law requires a minimum of $20,000 per person and $40,000 per incident of Bodily Injury Liability and at least $5,000 in Property Damage Liability coverage. Additionally, at least $8,000 is required for PIP, or Personal Injury Protection coverage. In insurance parlance, this is known as 20/40/5 coverage.
No extra steps are taken by state authorities if your auto insurance lapses, but if you are caught driving without car insurance, the fines are exceptionally stiff. Therefore, it is in your best interests not to let your car insurance policy expire.
Massachusetts Auto Insurance Laws
Massachusetts accident law operates under what is known as the no fault system, meaning that each person’s insurance company pays for that person’s injuries and damages, regardless of who is at fault in any given accident. This is designed to keep everyone from driving in a risky manner, and is based on the notion that if an accident occurs, it’s likely because both drivers were partially at fault in that they weren’t watching out for themselves. It means that Personal Injury Protection is a required part of Massachusetts insurance coverage.
Massachusetts Auto Insurance Coverage
MA does not require individuals to purchase uninsured/underinsured motorist (UM) coverage, though insurance companies are required by law to offer it to anyone purchasing car insurance. If you choose not to purchase UM coverage, you are required sign a piece of paper stating that you have opted not to do so. Collision and comprehensive insurance are also not required by MA. These two types of insurance cover costs due to non-standard damages such as theft, vandalism, collision with inanimate objects, fire or weather, and are significantly more expensive than basic policies. They may be required to lease a vehicle in the state of Massachusetts.
Cheap Massachusetts Auto Insurance Quotes
Massachusetts auto insurance quotes typically don’t come cheap, and individuals must undertake a thorough search of insurance companies in order to find the best deal. The good news is that there aren’t too many companies that offer MA car insurance, so you won’t have to compare too many quotes or details from fine print. The bad news is that this is why car insurance quotes in MA are so expensive – not enough competition! Massachusetts ranked sixth in a list of the most expensive auto insurance in 2006, and it is still definitely up there. Read on to discover cheap MA auto insurance quotes for free online, and make sure to take advantage of how MA insurance companies calculate their rates.
Massachusetts Auto Insurance Ratings
Certain MA auto insurance quotes are going to be more expensive than others depending on who you are, where you’re from and what comprises (or compromises!) your history. Massachusetts is one of the most invasive states when it comes to calculating your insurance rate, going so far as to check your credit score, health history, age, gender, whether you smoke, and other factors about yourself. It is important to always answer honestly, even if the questions seem overly invasive, as the penalties for providing inaccurate information include significantly higher premiums. For instance, high credit score, poor health history, youth and smoking are seen by insurance companies as potential hazards or risks.
Additionally, MA auto insurance companies require information about where you live. If your city or town is known as a wealthy location or if it is located in an area of high crime, premiums may be significantly higher, in the first case because you’re more likely to pay it and in the second case because you’re more likely to request damages.
Massachusetts Auto Insurance Rates
MA car insurance rates are among the most expensive in the United States. Average premiums in 2006 were over $1000, and this number has only gone up. Getting cheap insurance in MA is a near-impossibility, but it’s better than going without one, as the penalties are among the stiffest in the country as well.
Massachusetts Auto Insurance Companies
One of the problems with MA car insurance companies is that there are relatively few nationally-based insurance companies doing business in the state. Every national insurance company can provide a quote for a policy in the state, but few actually offer insurance to MA residents. These national companies, as well as several MA-based insurance companies, include:
* Liberty Mutual
* Plymouth Rock
For excellent, necessary car insurance coverage, these companies provide among the better rates in Massachusetts. Check out their free online quotes today!