Massachusetts Car Insurance Quotes And How You Can Save.
If you live in Massachusetts you may know that recent changes in law have allowed car insurance rates to be filed in the state by the insurance companies rather then be set by the insurance commissioner. This is good news because it sets up a situation where companies can now compete for your business by offering lower rates. Here‘s how you should take advantage of this new Managed Competition environment.
Now that companies can submit new rate filings that they set, rates will vary quite a bit from company to company. This is a different situation than before when you basically paid the same rate no matter what car insurance company you chose.
In order to find the best rate for your situation, you need to do some comparison quote shopping. You should get at least three quotes from different companies -- even more. This could end up saving you hundreds of dollars, so it can be worth the time. Here’s how you can make it easier and quicker.
In order to get an apples-to-apples comparison, make sure you provide the same information for each quote about your coverages, vehicles and deductibles. One way to do this is to have your current auto insurance policy declarations page handy, which shows the limits of liability and deductibles listed out.
Go online. You can request quotes from individual insurance companies that do business in Massachusetts from your computer. Or, it can be even more convenient to visit an online insurance comparison site. At a comparison site you can fill out an online form once with your information and get several quotes back from different companies or agents.
If you don’t have a current policy, here are the minimum requirements for car insurance under Massachusetts state law. Since these are the minimums, many experts advise that you get higher limits for better financial protection.
Bodily Injury Protection: Minimum of $20,000 per person and $40,000 per accident.
Property Damage: Minimum of $5,000 per accident.
Personal Injury Protection: Minimum $8,000.
Uninsured Bodily Injury: Minimum of $20,000 per person and $40,000 per accident.
While getting your quotes, ask about available discounts that could save you money, such as insuring your home with the same company, having anti-lock brakes and more.
