If you live here, you know car insurance in MA can’t get very expensive if you’re a new driver or once you start accumulating SDIP points from accidents or tickets. Young drivers in Boston and other major cities in Massachusetts are now no longer able to “buy new or financed cars” even if their driving record is clean.
Young and irresponsible drivers have been newly licensed and destroying their newly purchased/leased/financed vehicles at an alarming rate. Normal drivers are suffering to pay the rising costs of car insurance with companies like GEICO, Liberty Mutual, and MAPFRE.
You may have had a recent accident, it may not be an “at-fault accident” or it could possibly be a “not a fault accident“. Either way, you’re freaking out.
I talk to people every day in your situation and I understand your anxiety. You have every reason to be concerned. I witness what happens to those to don’t proceed with caution after their first accident. Many times they let their policy lapse or cancel for non-payment or they let the vehicle get repossessed.
At Premier Shield Insurance, we have seen almost every insurance situation you can imagine. We have a handful of customers paying over $900 a month and many paying over $500 a month for car insurance.
Whether you’ve been canceled for non-payment, you just had your MA registration revoked, or maybe you’re waiting to see how much you’re going to get from your last car that was a totaled. We’re going to help you at all times. We want you to have the best coverage at the lowest possible insurance cost.
How to Lower Car Insurance Rates After an Accident in Massachusetts
The short answer is “How do I lower my car insurance rates after an accident in Massachusetts” is you find the right insurance carrier with our agency. When Does Car Insurance Go Down After an Accident? Typically after 3 years of clean driving, your insurance rates will decrease and the accident will not be related as heavily.
We know and understand your risk profile and know each carrier’s appetite for risk. If you have a ton of glass claims, not-at-fault accidents, or other claims don’t look to Progressive or Metlife to give you a good rate (at least on the independent agency channel).
In 2019 Plymouth Rock auto insurance policies began renewing and rating new business for not-at-fault accidents. On the direct independent insurance agency channel, Metlife is very particular who they take. In 2020, Massachusetts Insurance Companies are shifting their insurance premium pricing models to include (Glass Claims, & Not-At-Fault Accidents).
What does all this Massachusetts insurance lingo mean for you and your wallet?
This means the insurance companies are tired of your consumer behavior. Now we all have to pay!! Young-drivers located in Boston, Brockton, Dorchester, Manhattan, Springfield, or Worcester are far more likely to end up with a total loss.
If you are new to driving, make sure you take a driver’s education course. It will help you save money on your car insurance if you are young. If you are older it will at least help give you the skills you need to navigate the difficult Massachusetts roadways. You either are a terrible driver or sometimes bad things happen to good people.
As of the start of Q1 2020, Massachusetts Car insurance rates and personal passenger automobile rates in Massachusetts continues to increase. Premier Shield Insurance estimates based on localized and regional trends that insurance rates will continue to rise through the remainder of the year and into 2021.
Prices in Massachusetts going up, young drivers purchasing new vehicles are realizing they can’t afford the insurance and the car payment. What should they do? Talk to someone who cares if you can make your car payment, get to work and pay your insurance premiums. We will work with you on your budget and discuss different vehicle options that may work better for your situation. Many times young drivers in the city want to buy a new car. The reality is due to their point total, age and living in the city they are setting themselves up for failure and a car repo page. The only way to combat these caring car insurance prices is to have an expert insurance agent at Premier Shield find you an insurance policy that will save you a ton of money.