Your car insurance policy must include all licensed drivers who live in your home and who are related to you by blood, marriage, or adoption, including drivers who are already covered by their own insurance policies. Lenders determine the minimum car insurance requirements for cars leased in Massachusetts, not the state. Each type of insurance coverage has a limit, which means that the insurance company will not pay more than this amount for a claim. Each insurance company that is insured and managed is an independent legal entity that is only financially responsible for its own insurance products.
If, instead, you're looking for a policy that balances quality with affordability, MoneyGeek also ranked the top auto insurance companies in Massachusetts. You agree to pay the cost of the insurance policy, called the premium, and to obey the rules established by the insurance company. Massachusetts is a no-fault state, meaning that policyholders can file a claim with their respective insurance companies if they have an accident, regardless of who was at fault. While a liability insurance policy is the easiest and most recommended way to meet insurance requirements, there are two other alternatives that the RMV will accept as proof of financial responsibility behind the wheel in Massachusetts.
A policy that meets Massachusetts minimum car insurance requirements may not be sufficient if you are leasing a car. As always, if you have any additional questions about how car insurance works in Massachusetts, or if you just want to sit down and talk to someone about your own situation in a little more detail, don't delay, contact Plymouth Rock today. Read more information on how to find the best car insurance, how to insure a new car, and details on how to get a car insurance quote. With an auto insurance policy, you're also protected by the no-fault law, which requires auto insurance companies to cover your own medical expenses regardless of fault.
The terms “auto insurance limits” and “coverage limits” refer to the maximum amount an insurer will pay in the event of a loss that is covered by its policy. These prices are just estimates based on the rates of an average Massachusetts driver and should not be used to compare insurance prices. Most states use more information when setting policy prices, but Massachusetts prohibits using credit ratings to calculate insurance rates.