Financial Advisor

Massachusetts Car Insurance Comparison Quotes.

Massachusetts car insurance is supposed to get cheaper for drivers since deregulation recently passed. How do you take advantage of this new situation? Here are some tips to saving on your auto insurance costs.

Massachusetts car owners had little choice with car insurance rates in the past. With deregulation, companies are now able to compete with each other and are amending their rates with the state. When insurance companies compete, you usually benefit. In this case, predictions are that rates will decrease as much as seven percent or more.

Now’s the time to see if you can get a better deal. If you’ve stayed a good driver, your current company may be informing you of a rate decrease. Can you get better? Probably. What you need to do is comparison shop for quotes. This could save you hundreds. The Insurance Information Institute recommends that you get at least three different quotes.

You can call different auto insurers doing business in Massachusetts, or visit their Web sites and request a quote. Many people find it more convenient to go to an online comparison site. These sites don’t represent a single company, and allow you to enter your information once. You’ll then receive several different quotes back.

Whichever way you choose, make sure you provide the same information about coverage limits, deductibles and drivers to get the most accurate quote (this is why comparison sites are convenient — you only need to fill out one form). One way to do this is to have your current policy in front of you.

If you don’t currently have car insurance, here are the minimum requirements for Massachusetts. Please note that these are minimums and you may want to increase them for added financial peace-of-mind.

Personal Injury Protection, or PIP– Minimum coverage of $8,000.

Bodily Injury — $20,000 per person, and $40,000 per accident for more than one person.

Bodily Injury Caused By an Uninsured Auto — $20,000 per person, and $40,000 per accident for more than one person.

Property Damage Liability — $5,000.

Also, to save more, remember to ask about available deductibles such as multi-policy, good student, low mileage and more. Some companies claim to be able to save you five to 20 percent with discounts.

About the Author

Justin Scott writes about insurance issues. Compare Massachusetts car insurance quotes for free at: LowerYourInsurance.com

The site also provides information about saving on car insurance.

Compare MA car insurance

Massachusetts Car Insurance Comparison Quotes. by Justin Scott