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Massachusetts Car Insurance Discounts

Vehicle insurance is an expensive necessity these days. The state of Massachusetts is no exception to this statement. In 2006, the average purchase price for an automobile insurance policy was $1,137. By comparison, the national average at the time was $860. In 2009, a motorist in Massachusetts must maintain minimum Bodily Injury Liability limits of $20,000 per injured person up to a total of $40,000 per accident, and Property Damage Liability coverage with a minimum limit of $5,000. This basic coverage is often referred to as 20/40/5 coverage with 20/40 UM limits. With such insurance requirements, Massachusetts is among the most expensive states in the country in which to insure a vehicle. There are ways that a motorist can trim down the cost of their insurance policy. While the per month savings may not seem like an influential amount at first, the potential savings you can accumulate over a matter of months can have a positive impact on your future finances. While some discounts, such as a good driver discount, are well known, it is quite possible that there are discounts out there that you don't even know exist.

For what primary purpose do you generally use your vehicle? Is your annual mileage comprised mostly business related, or is it for pleasure? What is your average mileage per week? What safety features does your car possess? While a motorist may not often take such questions into consideration, an insurance company does. The answers will play a role in influencing your premiums. Here are some discounts you may incur:

  •  Low Annual Mileage Discount - Through an insurance company's eyes, the less amount of time you spend on the road, the less likely you are to be involved in or be the cause of an automobile accident. You may receive a discount if your annual mileage count is low. In order to ensure that it remains low, you may wish to utilize available public transportation to your advantage.
  •  Passive Restraint Discount - This discount is aimed primarily towards cars whose safety features, such as airbags or antilock brakes, are designed to reduce bodily injury to the motorist.
  • Anti -Theft Device Discount - In you live in a community with a high crime rate, an insurance company may charge you high premiums because they believe that you are more likely to be victimized by a crime, such as theft or vandalism. Installing an anti-theft device, like Lojack or a car alarm, can ensure you lower rates.

One of the second most important aspects about you that an insurance company will take into consideration when determining your rates is the type of vehicle you wish to have insured. An expensive luxury vehicle is going to cost considerable more to insure due to the fact that it will be more expensive to repair if it is involved in an accident. Also, police officers tend to target certain types of cars, such as a sports car, when they are looking for motorists committing moving violations. A family friendly sedan may be more of a logical selection for a new car than a Lamborghini. Always, before you purchase a new vehicle, call your insurance company to receive a quote on what it would cost you to add the car to your existing policy. Many a buyer has experienced some amount of remorse when they discovered what it would cost to insure their new toy.

Here are some vehicle related discounts:

  • New Car Discount - Many insurance providers will offer a discount to a motorist who has purchased a brand new car.
  • Hybrid Vehicle Discount - The new, popular trend in society today is to "go green". A hybrid vehicle produces less gas emission than a standard vehicle. Hybrid, electric, and ethanol vehicles may all qualify for a discount on your premiums.
  • Farm of Ranch Vehicle Discount - If your vehicle is used primarily on your land in farming and is not generally taken out onto the road, you may qualify for a substantial discount. Insurance companies are going to quote you a considerably lower price on your insurance if you do not drive the car on a road or highway.

You and all of your individual components will arguably be the most influential factor on your car insurance premiums. What are your age and your gender? What does your driving history look like? Are you a student? What is your credit rating? What are your coverage needs for your vehicle? All of these questions are consider when an insurance company is determining your premiums.

  • Multi Car Discount - You can often receive a discounted rate on your premiums when you consolidate all of your vehicles into one policy with one insurance company.
  • Bundling Discount - There are three separate forms of insurance that an individual usually maintains: homeowner's insurance, car insurance, and life insurance. If you bundle any combination of your needs together, your insurance company will often provide a discount for you.
  • Good Driver Discount - Your driving record is viewed as an indicator of the types of behaviors you engage in on the road. An accumulation of tickets or a history of collisions is going to result in higher insurance premiums. However, if you have remained accident free for three to five years, you will qualify for this discount.
  • Long Term Policyholder Discount - This is also known as a customer loyalty discount. In today's economy, insurance companies are striving to acquire new and retain their old clientele. If you have been with your insurance provider for an extended period of time, you should request this discount from them.
  • Good Student Discount - This is a popular discount that is directed primarily at adolescent drivers. If you are a student under the age of twenty four who has maintained exemplary grades, you will qualify for this discount. While the details are specific to your insurance company, a B average will usually suffice.
  • Paid In Full Discount - By paying the purchase price of your policy in full rather than divvying up into monthly installments, you will receive a discount on your premiums. In addition, you will avoid the monthly convenience fee an insurance company often charges its customers for an installment plan.
  • Defensive Driver Discount - This is another discount that is targeted towards adults. If you are the graduate of a state approved defensive driving course, you will qualify.

Car insurance is expensive. With the right combination of discounts, you can comply fully with the law without breaking your budget. The number of insurance companies in Massachusetts who are seeking your business is shocking. Receiving a quote on your car insurance can be the most efficient way to compare the rates of all of these companies. If you have any specific questions for an insurance company regarding the discounts they offer, do not hesitate to pick up the phone and call an insurance agent. If you are thorough and meticulous in your research, finding the discounts you are eligible for will be an easy task. There are a multitude of discounts available if you know where to look. There is no reason why you should not be able to enjoy adequate protection at affordable rates.

 

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