If you're new to the state, you may be in for a surprise when you discover how expensive Massachusetts insurance quotes are on average. That said, while it might seem like insurance should remain fairly consistent from state to state, there are several demographic and regional factors that naturally push premiums higher in the Bay State. One of the biggest factors is the easiest to understand: Things are generally more expensive in Massachusetts than they are in the rest of the country. So, while Massachusetts insurance is more expensive, policies also cover more financial assets and risks. And, in most cases, buying insurance is not optional, whether it's maintaining a driver's license or protecting your household or business. Take a look at the factors that influence the common types of Massachusetts insurance quotes.
Common Types of Massachusetts Insurance Quotes
- Massachusetts Car Insurance: According to the National Association of Insurance Commissioners, the average cost of Massachusetts car insurance was $981 in 2007, the last year for which comprehensive data is available. The Bay State consistently ranks in the top ten most expensive states for car insurance. It's no surprise given the state's relative population density, affluence, and a consistent top ten ranking for the worst drivers in the nation. Of course, these averages may not apply to you, especially if you don't need collision and comprehensive coverage, live in a rural area, and/or have a clean driving record.
- Massachusetts Homeowners Insurance: Again, Massachusetts homeowners insurance is among the most expensive in the nation, according to the NAIC, with average premiums of $925, based on 2006 rates. And similar factors inflate these premium costs. Not only are Bay State homes among the most highly priced in the nation, but like most New England states, the housing stock is showing wear with age. Brutal winters can lead to extensive roof damage. Moreover, homes located on the coast or in a floodplain are likely to need supplemental insurance riders to protect homes against major weather events.
- Massachusetts Health Insurance: As many people know, Massachusetts has its own fairly progressive health insurance system that requires residents to carry health insurance or pay a fine with subsidies assisting those who can't afford insurance on their own. Expectedly, this creates low rates of uninsured residents, but more spending per person. Massachusetts also has slower growing healthcare costs, although recent evidence suggests this growth rate may be accelerating. You may be tempted to default to the Bay State's Commonwealth Care or Choice health insurance plans, but buying private, individual health insurance isn't necessarily a financial boondoggle. Of course, to find the best plan you still need to do extensive shopping. You might want to submit a request for a health insurance quote through NetQuote , as well as check out the state's newly established insurance exchange.
Finding Massachusetts Insurance Quotes
Finding Massachusetts quotes for auto, health, home, business, or life insurance isn't hard. Online searches, phonebook directories, a large part of the insurance industry is marketing policies to individuals and convincing them that their insurance is urgently needed. Indeed, it may very well be, but how do you know if you've found the right company and the right policy for you? Massachusetts insurance is a highly competitive industry that should, in theory, benefit consumers, but it's also a complicated purchase. That's why NetQuote offers quick, convenient referral services. As soon as you fill out our brief online form, we'll begin matching you with the insurance companies that best fit your profile. This allows you to confidently review quotes and pitches from the comfort of your own home.
Moreover, different types of insurance tend to have different levels of competition. There are more than 20 car insurance companies in Massachusetts, but only 5 private healthcare companies. Thus, whether you need to talk to as many companies as you can or whether you need to filter out more peripheral companies to create an efficient search, we can help. In just a few minutes, you can be well on your way to finding the best insurance for your needs.
Massachusetts Insurance Information By City:
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