It is important for consumers to compare auto insurance rates in Massachusetts before they take out a policy. Despite the fact that Massachusetts has true no-fault auto insurance with monetary restrictions on lawsuits, insurance rates can differ greatly.
The number of variables that are considered by different companies means that rates really do vary significantly from one car insurance company to another. Be sure to shop around carefully and know exactly what you need and what is recommended before you take out a policy.
Compare Auto Insurance Rates in Massachusetts for Mandatory Coverage
In the state of Massachusetts, all vehicles must carry insurance coverage, as they must throughout the country. Required coverage includes liability in the amounts of;
$20,000 for bodily injury per person
$40,000 for bodily injury per accident in total
$5,000 for property damage per accident in total
The state also requires vehicle owners to carry Personal Injury Protection (PIP) which provides them with the necessary coverage for true no-fault insurance. Uninsured motorist and underinsured motorist coverage is also compulsory in the state. While Massachusetts has the lowest estimated rate of uninsured motorists nationwide, it is still prudent of the state to require UM coverage.
Compare Auto Insurance Rates in Massachusetts for Recommended Coverage
Because the state minimums are very low, Massachusetts drivers need to take into account that serious accidents would quickly exceed these limits. Most insurance agents recommend liability in the amounts of $100,000 per person and $300,000 per accident for bodily injury and $100,000 for property damage. Such limits are much more realistic.
In addition to these recommendations, if your vehicle has a significant enough book value you will want to carry collision and comprehensive coverage to protect it. If you have a vehicle that is financed, the finance company will require you to carry these types of coverage.
Emergency roadside service such as towing and labor are also good forms of coverage to carry. These will help you out when you get in trouble and get you going again. Just be sure you don't already have such services from your credit card or an auto club. Consider rental car coverage also to help at those times when your vehicle is unusable.
Take the time to compare auto insurance rates from a variety of aspects. Look beyond price to types of coverage, company reputation and customer satisfaction.
Take the time to compare auto insurance rates from a variety of aspects. Look beyond price to types of coverage, company reputation and customer satisfaction. Start getting quotes now!
