Medford, MA Auto Insurance Rates, Quotes, Agents & Reviews
Zimlon, through its research, found that car owners in Medford, MA, can avail multiple discounts on car insurance by taking various factors into consideration. These factors are explored in detail by Zimlon in the analysis below.
Overview of Car Insurance in Medford, MA
The average cost of car insurance in Medford, MA, is $1,342. Auto insurance is one of the most important things drivers in Medford, MA, can have. It is required by law in Massachusetts, and it can protect you financially if you are ever in an accident. Many different auto insurance companies offer coverage in Medford, so it is important to shop around and compare rates before choosing a policy. Many factors go into determining the cost of auto insurance. Your age, gender, driving record, and the type of car you drive are all important factors. The amount of coverage you choose will also affect the cost of your policy. The best way to get an accurate quote is to contact different insurance companies and compare rates. It is important to have auto insurance, but it is also essential to make sure that you are not overpaying for your coverage by shopping around and comparing rates.
When it comes to car insurance, your credit history is one of the many factors that insurers will take into account when calculating your rates. Generally, a good credit score can lead to lower rates, while a bad credit score may result in higher rates. The reason for this is that insurers often use credit information as a way to predict future risks. If you have a history of making late or missing payments, insurers may view you as a higher risk and charge you accordingly. Conversely, insurers may see you as a lower risk if you have a good credit history and offer you lower rates. For instance, in Medford, Massachusetts, people who own cars with excellent credit scores must pay $1,314, while those with poor credit must pay $2189.
When it comes to car insurance, your driving habits play a big role in determining your rates. If you're a safe driver who doesn't get into accidents or get tickets, you'll pay less for insurance than a high-risk driver. Insurance companies use a variety of factors to determine rates, and driving habits are one of the most important. For instance, in Medford, Massachusetts, auto insurance costs go up by +$313 and +$905 for drivers who run red lights or have expired licenses, respectively.
Age of the Driver
As we all know, car insurance rates are determined by many factors. One of those factors is the age of the driver. In Medford, MA, a teenage driver's average car insurance rate is $4355. However, a 40-year-old in Medford, MA, will pay an average of $1278 for car insurance. That is a difference of $3077. There are a few reasons why age affects car insurance rates. One reason is that younger drivers are more likely to be involved in an accident than older drivers. This is because they are less experienced and more likely to make mistakes. Another reason is that younger drivers are more likely to engage in risky behaviors, such as speeding and driving under the influence. These behaviours increase the chance of an accident, which increases the cost of insurance.
Factors that can influence the cost of car insurance in Medford, MA are listed below. It is imperative to understand these factors in order to reduce the cost of car insurance. It is also essential to strike a balance between the cost of insurance and the coverage requirements.
- Medford, MA Auto Insurance Rates
- Medford, MA Auto Insurance for Different Deductible
- How the Age of Driver Affects Insurance Rates in Medford, MA
- Multi Vehicle Insurance Savings in Medford, MA
- How Credit Score Affects Car Insurance Rates in Medford, MA
- How DUI Affects Auto Insurance Premiums in Medford, MA
- Top Auto Insurance Agents Near Medford, MA
- How Driving Violations Affect Auto Insurance Rates in Medford, MA
- Medford, MA Auto Insurance Discounts on Anti Theft Feature
- Medford, MA Auto Insurance Company Reviews
Medford, MA Auto Insurance Rate Comparisons with Neighboring Locations | Back to Top
The following table compares the cost of insurance in Medford, MA with that of other cities in and around Medford.
|Average Insurance Rates||$1,342||$1,311||$1,349||$1,490||$1,234||$1,392|
Medford, MA Auto Insurance Rates vary Based on Deductibles in Neighboring Cities | Back to Top
The following table makes a comparison of the variation in car insurance rates in and around Medford, MA based on the change in deductibles. A higher deductible leads to a decrease in the cost of car insurance.
|Location||Low Deductible ($500)||High Deductible ($1000)|
Medford, MA Auto Insurance Rates Based on the Age of the Driver | Back to Top
Teenagers in Medford, MA usually pay a much higher car insurance rate compared to the rest of the state as they are generally considered to be less responsible behind the wheel. Middle-aged drivers are likely to pay lower car insurance premiums if they are considered to be safer drivers by insurance companies.
|Age of Driver||Insurance Cost|
Medford, MA Car Insurance Discounts for Multi-Car Insurance | Back to Top
Car owners in Medford, MA can obtain discounts if they insure multiple vehicles with the same insurer. The average savings one can obtain are as follows:
|Number of Cars||Auto Insurance Cost||Total Savings|
Savings on 2 Vehicles bundle:$403
Savings on 3 Vehicles bundle:$604
Savings on 4 Vehicles bundle:$805
Medford, MA Post- DUI Auto Insurance Rates | Back to Top
Driving Under Influence (DUI) can be an added burden on your wallet. The cost of auto insurance will go up post-DUI. The below graph does a comparison of auto insurance rates before and after DUI in and around Medford, MA.
|Location||Average Insurance Cost||Post DUI Insurance Rate|
Medford, MA Auto Insurance Rates Based on Credit Score | Back to Top
Car insurance companies can use the Credit Score of car drivers to determine car insurance rates. Car drivers with good credit can avail of substantial discounts on car insurance rates.
|Credit Score||Insurance Cost|
Medford, MA Auto Insurance Agents | Back to Top
Car owners can obtain quotes from multiple auto insurance companies. Comparing different quotes can help identify the cheapest auto insurance provider best suited for their coverage needs.
|Agent Name||Company||Agent Address||Contact Details|
|Friendly Insurance Agency||None||471 Western Ave, Lynn, 1904||None|
|Donald J Bowers||Travelers||80 MAPLE STREET, STONEHAM, 2180||781-279-4343|
|Pompeo & Sons Insurance Agency Inc||Travelers||464 High St , Medford, 2155||(781)241-4006|
|Messinger Insurance Agency Inc||None||475 Broadway, Everett, 2149||None|
|Boyd Insurance Agency, Inc.||None||207 Hagman Road, Winthrop, 2152||None|
|Cleary Insurance Inc||Liberty Mutual Independent||226 CAUSEWAY ST STE 302, BOSTON, 2114||617-723-0700|
|Eastern Insurance Group Llc||Travelers||607 North Ave, Wakefield, 1880||None|
|Ribeiro-Desousa Insurance||None||1092 Street, Cambridge, 2139||None|
|Lister Insurance Agency||Travelers||110 CENTRAL AVENUE, MEDFORD, 2155||781-393-9330|
Medford, MA Auto Insurance Rates can Increase Based on Driving Violations | Back to Top
Auto insurance rates tend to increase depending on the type and number of driving violations. The driving violations can stay on the record for a considerable amount of time leading to higher auto insurance rates. The severity of the driving violation and place of residence will determine how long the violation stays on record.
|Driving Violation||Cost Increase||Total Insurance Cost|
|Driving Without Headlights||+$59||$1,401|
|Driver's Failure In Showing Documents||+$130||$1,472|
|Driving With An Expired Registration||+$138||$1,480|
|Driving At A Considerably Slow Pace||+$291||$1,633|
|Using A Cellphone While Driving||+$307||$1,649|
|Running A Red Light||+$313||$1,655|
|Driving A Vehicle Without The Required Permission||+$417||$1,759|
|Driving With An Expired/Suspended License||+$905||$2,247|
Medford, MA Auto Insurance Rates Based on Anti-Theft Feature | Back to Top
Cars that are equipped with safety devices are less prone to thefts. As a result, auto insurance companies provide a considerable amount of discounts to vigilant car owners. The discounts vary depending on the type and number of safety devices installed.
|Anti Theft Feature||Insurance Cost|
|Active Disabling Device||$1,288|
|Passive Disabling Device||$1,248|
Latest Auto Insurance Reviews in Medford, MA | Back to Top
My premium and deductible has been fair for across the board for all my vehicles. I feel that they offered good discounts to me for my driving record.
My experience was very good, since it sent me the time to get your service and when solving the problems are very good