For drivers with bad credit in Massachusetts, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Comparing the right insurance companies will allow you to get the best possible insurance rate for drivers with bad credit.
To simplify comparing companies, Insurify has analyzed rates from top insurance providers in Massachusetts. The following are the best insurance rates from carriers that offer car insurance for drivers with bad credit in Massachusetts.
Unlike most of the states in America, Massachusetts has a different approach to how it handles bad credit. Along with California and Hawaii, Massachusetts has laws in place that prevent insurance providers from using credit history to determine auto insurance rates. This is great news if you have had issues with your credit history in the past.
It also means that some insurance carriers may look harder at other factors to determine your rates. Often, your driving history, the car you drive, and your location in the state can be weighed more heavily to determine what your overall risk assignment should be.
Insurify's comparison tool will help you make sure you're getting the best possible quote even with a bad credit rating. You can have peace of mind you're not paying any more than need to, and customers save $48 per month on average.
Even though insurance providers can't legally base rates on a driver's credit history, there may be other factors that result in higher rates. Often, motorists who have bad credit are more likely to participate in riskier driving habits, which can account for the almost 10 percent increase in rates for coverage.
The small percentage increase is much more manageable than in other states where credit checks aren't allowed. For example, in California, there is a difference of 9 percent between drivers with good and bad credit.
Drivers in Massachusetts will be happy to know that having bad credit doesn't affect you like it does in other states. In fact, Massachusetts is one of only a handful of states where credit checks aren't done to obtain car insurance.
Massachusetts law actually forbids any auto insurance company from using credit information or credit-based insurance scores when determining rates, underwriting a new policy, or renewing an old car insurance plan.
Even though insurance companies aren't basing rates on your credit tier, drivers in the excellent category tend to pay the least for coverage. Likewise, those who are tagged as having poor credit will notice they have the highest average monthly costs.
The price for auto insurance coverage can vary dramatically depending on what Massachusetts city you live in. Drivers who are a part of the Lawrence community tend to pay lower rates around $107, while drivers in Lynn pay $171.
Insurance prices and policies can vary significantly between companies, and a state like Massachusetts draws a wide variety of choices when factoring insurance rates for drivers with bad credit.
Insurify's rate comparison tool will help you make sure you're getting the best possible quote based on your needs and location. You can have peace of mind you're not paying any more than you need to, and customers save $585 per year on average.
Use Insurify for all of your car insurance comparison needs! Compare and connect directly with the top insurance companies to find the best rates as well as the most personalized discounts and coverage options.
Insurify’s network includes over 200 insurance companies throughout the U.S. who can work with you to get you the right auto insurance policy at the cheapest price.
The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced.