We believe in the power of the independent insurance agent. Why? Because we’ve seen it. In fact, we’ve lived it. For 25 years we’ve been opening the door, selling insurance and servicing clients. For these reasons, believe us when we tell you: Take Advantage of our Auto Insurance Renewal Review.
If nothing else, after we’ve sunk our proverbial teeth into your auto insurance, we’ll make coverage suggestions and, most likely, save you a ton of money.
How do we do it? Is it magic? No, it’s better than magic. It’s called: Markets.
With markets comes choices. With choices comes pricing.
These days, in Massachusetts, auto insurance companies’ rates are all over the place. Gone are the days of the “State-set” rates.
It’s the new Wild West and it’s why it’s so important to get your auto insurance renewal review.
Just send us over a copy of your auto insurance coverage pages and let us get to work.
As a Massachusetts auto insurance broker I often get asked the question: Who has the lowest price for auto insurance?
I start to answer, stutter and start to answer again.
“It depends …” and I begin the long, exotic tale about Massachusetts auto insurance.
There once was a time, eons ago, when all companies had the same price for auto insurance as dictated by The Mighty: MA Auto Insurance Commissioner.
Wide-eyed, my listeners’ attention captivated, I continue:
There was one company, however, that offered the Holy Grail of auto discounts: The 5% AAA – auto club discount. That company was: Commerce. Commerce was The King.
Then, in 2008 “managed competition,” competitive rating, auto insurance rode into Massachusetts on a white horse followed, in 2012, by a scurrying green lizard.
Commerce Insurance morphed into MAPFRE and waved their 33% Massachusetts auto market share adios.
MA auto insurance market shares as of 3rd quarter 2018:
4. LIBERTY MUTUAL
6. PLYMOUTH ROCK
9. TRAVELERS OF MA
10. AMICA MUTUAL
13. QUINCY MUTUAL
15. NORFOLK AND DEDHAM MUTUAL
16. VERMONT MUTUAL
17. NATIONAL GRANGE
18. PREFERRED MUTUAL
19. OCCIDENTAL INS
20. STATE FARM
23. GREEN MOUNTAIN
26. BANKERS STANDARD
30. AMERICAN INTERNATIONAL
31. HARLEYSVILLE WORCESTER
Basically, the 11 point something Commerce/MAPFRE has lost has gone to Geico. (This, of course, is an over-simplification. They, and others, have taken business from others.)
But this, of course, as is everything, is just the beginning of our story.
Who has the lowest price for Massachusetts auto insurance?
In 2008 our growing independent agency took on new company appointments (including Progressive).
America changed the way we shop for everything, including auto insurance. We flocked to the internet. We compared prices, we compared coverage, we compared companies.
Companies changed the way they price their products.
One company marketing representative expressed delight when he declared their auto rates had an infinite amount of price points. Their price went infinitely out of site as their MA market share dwindled.
Insurance Companies each charted out their course and defined who and what their target market would be.
Often companies targeted the same market and a premium, blood-bath of consumer savings ensued. In fact, it could be argued, continues today.
Which leads me to, and in conclusion, who has the lowest price for auto insurance in Massachusetts?
Plows are breaking out in every community. Our phone rings and our client on the other end has questions about plowing and plates or plowing and insurance or both.
Here’s the skinny: Massachusetts law is clear on the point that if you plow for hire, you need Commercial plates.
Personal passenger plates are acceptable only if you plow your own driveway, or if say you plow a relatives driveway but do not get paid. Even still, a police office might write a ticket to a vehicle plowing with Private passenger plates- such a ticket would need to be appealed.
Insurance and plowing is a little more complicated.
Insurance carriers have different appetites for vehicles used for plowing. We work with some that will not write plows of any kind, others that will write only vehicles used for residential plowing and others that allow plowing without restriction.
Please call if you plow and we can review your specific situation to ensure you have the right coverage and plates.
You drive to and from work every day. You take your kids to the ballgame. You go shopping. Have you ever wondered if your car were in an accident, how you would be able to survive without a car? We have the answer …
You drive to and from work every day. You take your kids to the ballgame. You go shopping. Have you ever wondered if your car were in an accident, how you would be able to survive without a car? We have the answer. It’s Substitute Transportation Coverage to the rescue. The good thing about car insurance is that you can buy a number of endorsements for additional protections and rental car reimbursement is one of them.
What is Substitute Transportation on MA Auto Policy?
Substitute Transportation Coverage is Part 10 on the Massachusetts Personal Auto Policy. Substitute Transportation Coverage provides financial protection for you if you need a vehicle when your car is damaged in an accident covered by your Comprehensive or Collision coverage. Some policies cover car rentals when your vehicle undergoes mechanical repairs. Rental reimbursement is generally available only with policies that include collision and comprehensive coverage.
How Do I Know If I Purchased the Coverage on My Massachusetts Car Insurance Policy?
The first several pages of your insurance policy are called the declarations pages. These pages contain the declarations of the coverages you have purchased for each of your vehicles and include the specific description of your vehicle(s). Look for a line item listed as “Rental” or “Extended Transportation,” with a dollar amount listed to the side of it. You have purchased this insurance only if there is a dollar coverage amount next to it and there is a policy premium amount listed for the insured vehicle. You may purchase the coverage for one vehicle but not for another, at your option.
How Substitute Transportation Coverage Works
The optional rider offsets the daily cost of a rental vehicle for a specific time period and up to the specific daily limit you purchased. You can generally purchase limits of $15/day $450 total (costs about $14 annually) and $30/day $900 total (costs about $54 annually). The first number indicates the daily maximum coverage and the second is the maximum coverage for 30 days. For example, if you purchase 30/900, the policy would pay up to $30 per day for up to a maximum of 30 days or $900, whichever comes first.
Most insurance carriers have pre-arranged agreements with several car rental agencies that may include direct bill and pre-negotiated rates. Remember, if you exceed your policy limits, you are responsible for the difference. You should select a rental rate based on the type of car you need. If you have a family SUV, you should select a daily rental rate for a comparable vehicle.
How Do I Know When I Am Covered?
The time to find out if you have this coverage is BEFORE an accident. So call your independent agent. If you purchased the coverage, you are insured while the vehicle is in the shop being repaired, up to your coverage limits. If your vehicle is not drivable, you may be able to get a rental vehicle before your vehicle is being repaired, but always check with your agent first. If your vehicle is stolen, call the insurance company or your agent immediately after calling the police to report the car stolen since most have a clause in the policy that does not cover a rental vehicle for the first 48 hours after the reported loss. If your vehicle is totaled you will have a limited time frame in which to replace it and that may be less than the maximum that could be paid out under this coverage.
What is Substitute Transportation on MA Auto Policy? MassAutoQuote.com Can Help!
As your online independent insurance agent, MassAutoQuote can help you select the appropriate Substitute Transportation Coverage limit for you. Contact us when you are purchasing your auto insurance and we can help you find the right insurance company.
Ah yes, your teen is finally behind the wheel, which allows you to hang up your hat as the resident chauffeur. But in addition to that new found sense of freedom for both parent and teen, comes a new pinch in the pocketbook. Ouch. Insuring my teen driver.
It’s true, parents of teen drivers typically incur an increase in their car insurance premiums, but we have some tips to help offset the cost of having a young driver on your auto insurance policy.
Insuring my teen driver-
One factor that can affect your rate significantly is whether your child will have their own car. There is a substantial savings in having a new teen driver share the family vehicle rather than giving them a car of their own. In addition to having one less vehicle to carry on your policy, sharing a car means they will spend less time driving because of limited access to a vehicle.
Should you choose to get your teen their own vehicle, the type of car you select can affect your premiums considerably. Your independent insurance agent can help you determine which models cost less to insure, but considering these factors may help you narrow down your choices:
Drive a used car. While a brand new car may seem the safest choice (if cost isn’t an issue), it is often the more expensive route when it comes to car insurance. If you do not need to insure the value of the vehicle (ie- no collision and no comprehensive coverage), you and your teen driver will save – most likely- over $1,000 annually.
Safety rankings count. Whether you are considering new or used, it is a good idea to check the safety ratings. Having your teen at the wheel of a safe car might affect your premium as well as your peace of mind.