Most Affordable Car Insurance in Massachusetts
Massachusetts is the state with the most affordable auto insurance rates. The state’s affordability factor is determined by dividing its median household car insurance rate by its median household income. The most affordable car insurance in Massachusetts is from The Hanover company, but you can enter your ZIP code below and compare Massachusetts insurance quotes from multiple companies to get the best rates for your budget.
Free Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
UPDATED: Jan 15, 2021
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.
Massachusetts was once again home to the most affordable car insurance in the nation, according to the 2011 Car Insurance Affordability Index released this week by InsWeb.
The Bay State took those honors last year as well…but why?
Well, a state’s so-called affordability factor is determined by dividing its median household car insurance rate by its median household income.
And the lower the factor, the less an average family in the state typically spends on car insurance relative to its budget.
So it probably means there are more well-to-do drivers in Massachusetts, coupled with the fact that insurance is also cheap there relative to other states.
Perhaps there are fewer teenage drivers in the households as well.
In Louisiana, for example, their judicial system generally favors drivers, which raises costs for insurance companies and related insurance premiums.
That, coupled with other factors, possibly lower median household income, explains why the Pelican State has the least affordable car insurance in the nation.
Most Affordable Car Insurance by State:
Least Affordable Car Insurance by State: