Massachusetts doesn't allow insurers to consider credit ratings. Because state law prevents insurance companies from considering credit ratings, drivers in the state generally don't have to worry about whether their credit rating will increase their auto policy premiums. A higher credit score lowers your car insurance rate, often significantly, at almost every insurance company and in most states. However, getting a quote doesn't affect your credit.
After applying all other discounts and qualifying factors, you can receive an additional 25% discount on all coverages. However, Massachusetts has banned this practice. Under state law, it's illegal for insurers to consider drivers' credit ratings when calculating policy rates. Therefore, your credit rating won't affect your premiums while you live in the state.
Hawaii and California have similar laws. In Massachusetts, drivers with just two speeding tickets pay an average of 51% more on their annual car insurance premiums, for example. Check with your insurance company or agent for more information about the merit rating plan that your company is using to qualify your car insurance premium. The year, make, and model of the vehicle you drive affect your car insurance premiums in two ways.
You can generally save up to 20% on your car insurance when your auto and home policies (home, condo, or renters) are with the same insurance company. A credit-based insurance score doesn't measure your creditworthiness, but rather the risk you run from a car insurance perspective, based on your creditworthiness. The consequences of driving without insurance are ultimately more costly than buying minimal car insurance coverage. You can demonstrate your financial responsibility by maintaining minimal car insurance with no gaps in coverage.
Some states, such as California, Hawaii, Massachusetts, Washington and Michigan, prohibit insurance companies from using credit to determine auto insurance rates. Uninsured driver coverage is a protection for you if another driver hits your car but doesn't have insurance. Buying Massachusetts minimum liability auto insurance coverage is the easiest way to meet the financial responsibility requirement. You can get discounts on car insurance in Massachusetts depending on how you drive, the car you own, and your relationship with your insurance company.
There are several unique reasons why car insurance is also increasing every year in Massachusetts, even if your details remain the same. Insurance companies generally don't even ask if you are a smoker in your car insurance applications. Auto insurers check your credit with a gentle method, which doesn't provide a complete credit history and doesn't affect your score. For help determining what factors might be affecting your premiums (and to find the lowest possible rates that will continue to provide you with the coverage you need), contact an independent insurance agent in Massachusetts.