Medford Car Insurance
Find the right car insurance policy for you.
Written by
Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.
Of all the cities in Greater Boston, MA, Medford is one of the quietest and easiest to live in. As the home of Tufts University, it has a lot going on, however, and its own unique character. Since it is just outside the main Boston T trains, with only a commuter line in West Medford, it helps to have a car to really get around, however. And that’s an expensive proposition – especially when it comes to insuring a car.
If you live in Medford, auto insurance comes with many different options and requirements that can be hard to navigate. Your Independent Insurance Agent can help you to find the car insurance that fits your needs at the best cost possible. By shopping around for multiple quotes from many different companies, you will be able to compare and find the car insurance for both your lifestyle and your wallet.
Insuring a car is expensive in the Commonwealth. During previous years, the U.S. average for car insurance was $1,311. In Massachusetts, it came to $1,460 for the same year, ranking the state 16th overall. There were $6,530,654 billion in losses in the state during the same time, which explains why insurance is so high. Despite these daunting figures, there are many things you can do to keep your car insurance affordable. The cost of your policy is based on the following:
- Your coverage and deductibles - What is your coverage for any claim?
- What you drive - A more expensive car to repair costs more to insure.
- How often and how far you drive - Insurers usually take your word for it.
- Where you live - How much vandalism has there been in your neighborhood?
- Your driving record - Are you accident- and ticket-free?
- Your credit history - A credit risk is considered to be an insurance risk.
- Your age, sex, and marital status - Single males under 25 are the highest risk.
With costs as high as they are, it’s important to understand all of these factors and what you can do to keep the cost of your car insurance down as you drive around Medford and Greater Boston.
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Massachusetts Car Insurance Requirements
State law requires every car and driver to have basic liability insurance. You may choose to have more coverage, but all insurance policies start with the state laws. The kinds of insurance you can select are listed below:
- Bodily Injury Liability: State law requires a minimum of $20,000 per person covered and a minimum of $40,000 total for all persons injured in an accident.
- Property Damage Liability: The state requires a minimum of $5,000 in protection against damage to any property in an accident.
- Personal Injury Protection: This is also required for all motorists, with a minimum of $5,000 in protection against injury.
- Uninsured Motorist Coverage: Coverage against uninsured drivers is required in Massachusetts as well.
- Comprehensive: This is not required. This is a policy that includes all of the above plus many additional features including coverage of any damage to the car for any reason.
Comprehensive insurance is commonly chosen by anyone with a new car they rely on and want to keep looking its best. This covers everything, including damage from vandalism and theft. Some policies include rental car coverage when your car is in the shop and towing to get you there. If you need a car every day to get around Greater Boston, you may opt for this coverage so that you are never left by the side of the road.
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Number of Uninsured Motorists in Massachusetts
Uninsured motorist coverage is required by law in Massachusetts. Despite this, you still need insurance protection against some scofflaws that are on the roads. The statistics from recent years show it plainly:
- Nationally, 12.6% of all drivers are uninsured.
- In Massachusetts, 3.9% of all drivers have no insurance.
If you are hit by a driver who has no insurance, you have to sue them in court to recover any losses you realize, such as car damage or medical bills. That’s what the state-required uninsured motorist coverage gets for you. But you can compare rates from different agencies to find the coverage that is the most affordable based on your situation.
Number of Auto Thefts in Massachusetts
In addition to having a low number of uninsured drivers, the Bay State benefits from having a relatively low rate of stolen cars. The data from recent years is as follows:
- Across the U.S., 2.94 out of every 1,000 cars are stolen each year.
- In Massachusetts, the rate was 1.91 out of every 1,000 cars.
Even with this low rate, some makes and models are bigger targets for thieves than others. It’s always important to shop around for the best car insurance for your lifestyle, but it also makes a big difference if you have off-street parking – especially if you happen to own one of the cars that are often stolen.
Find a Great Medford Car Insurance Policy
As great as life is in Medford, it helps to have a car to get around and enjoy it. There are many options for you, and finding the right insurance for your lifestyle and your budget can be a challenge. Talk to your Independent Agent today so that they can point you to the right insurance for your needs and get you the quote for your car at a cost you can afford.