Cheapest Car Insurance Quotes In Medford, MA For 2024
State Farm is the most affordable choice in Medford, with an average monthly rate of $15.
When searching for the most economical car insurance in Medford, MA, the choices can differ significantly, but one company shines for its competitive pricing: State Farm. On average, residents can obtain car insurance for approximately $15 per month, which is notably lower than the state’s average of $108.
For individuals in search of the most inexpensive liability-only coverage, State Farm stands out as the obvious choice. Meanwhile, drivers seeking more extensive protection discover that State Farm provides the most favorable rates for full coverage policies, priced at $38 per month. Additionally, State Farm offers the most affordable rates for young drivers, also at $38 per month.
Cheapest Car Insurance Companies In Medford, MA
Our Methodology
Based on a thorough analysis that considers customer service ratings, product choices, pricing, and a detailed examination of numerous online review platforms and user feedback, I have developed a comprehensive understanding of the car insurance provider landscape in Medford, MA. This perspective is informed by more than 15 years of active engagement in the industry as a licensed insurance agent, involving numerous interactions with representatives from different companies, and insights gathered from direct experience.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
How Much Is Car Insurance In Medford, MA?
State Farm provides the most affordable car insurance in Medford, MA, with coverage available for $110 per month.
However, as illustrated in the table below, its rates are notably lower than the average rate in both the State of Massachusetts and the United States as a whole:
| Area | Average Monthly Rate |
| National | $152 |
| Massachusetts | $108 |
| Medford, MA | $110 |
It’s important to note that the average national cost encompasses a wide range of states with varying insurance expenses. High-cost states like New York, New Jersey, and California, as well as low-cost states like Mississippi, Kentucky, and Wyoming, contribute to this average. Rates are subject to variation based on location due to several factors, including vehicle type, coverage amount, zip code, driving history, and more.
Cheapest Car Insurance Rates In Medford For Seniors
State Farm offers average monthly car insurance quotes of $28, making it the most affordable option for seniors in Medford.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $28 | $334 |
| Chubb | $92 | $1,095 |
| Allstate | $93 | $1,107 |
| Progressive | $101 | $1,213 |
| Amica | $104 | $1,249 |
In Massachusetts, numerous seniors may benefit from advantageous car insurance rates, influenced by various factors. While age typically plays a role in determining insurance rates, with older age sometimes linked to decreased driving ability, this stereotype doesn’t apply universally.
Cheapest Car Insurance Rates In Medford For Full Coverage
State Farm offers the most affordable car insurance rates for full coverage, averaging $38 per month in Medford.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $92 | $1,286 |
| Arbella | $95 | $1,141 |
| Chubb | $103 | $1,238 |
| Allstate | $110 | $1,314 |
| State Farm | $38 | $454 |
Full coverage car insurance offers comprehensive protection that extends beyond the basic coverage required by law. It typically combines comprehensive and collision coverages.
Comprehensive coverage protects against non-collision incidents like theft, vandalism, or natural disasters, while collision coverage provides financial security for vehicle damages resulting from accidents, regardless of fault.
Cheapest Car Insurance Rates In Medford For Teenagers
Teenage drivers in Medford can access the most affordable quotes from State Farm, with average monthly premiums amounting to $200.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $200 | $2,398 |
| Norfolk and Dedham Group | $442 | $5,302 |
| USAA | $240 | $2,878 |
| Preferred Mutual | $450 | $5,398 |
| Plymouth Rock Assurance | $280 | $3,358 |
Teenage drivers typically encounter the highest car insurance premiums, mainly due to their lack of experience on the road. Insurance providers view these young drivers as high-risk because they statistically have a higher likelihood of being involved in accidents and committing traffic violations.
Cheapest Car Insurance Rates In Medford For Minimum Coverage
State Farm offers the most affordable car insurance for minimum coverage in Medford, with an average monthly cost of $15.
| Provider | Average Monthly Cost | Average Annual Cost |
| Chubb | $37 | $439 |
| Progressive | $65 | $778 |
| Safety Group | $22 | $262 |
| State Farm | $15 | $178 |
| Allstate | $49 | $586 |
The minimum car insurance policy should include, at the very least, the following coverage:
- $20,000; Bodily injury coverage per person
- $40,000; Bodily injury coverage per accident
- $5,000; Property damage per accident
Having minimum car insurance offers you some protection while driving, but it doesn’t include collision or comprehensive coverage. This means damages to your own vehicle in accidents or incidents like theft and natural disasters won’t be covered.
Driving without insurance is illegal in Massachusetts. If you can’t provide proof of insurance during a traffic stop, you may face penalties ranging from fines to license suspension or worse.
Cheapest Car Insurance Rates In Medford For Young Adults
State Farm provides the most affordable quotes for young adults in Medford, with rates averaging around $38 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $38 | $454 |
| GEICO | $90 | $1,078 |
| Chubb | $110 | $1,318 |
| Allstate | $115 | $1,378 |
| Travelers | $175 | $2,098 |
In Massachusetts, young adult drivers generally enjoy lower car insurance rates compared to teenagers. This difference in pricing is due to the development of driving habits and a corresponding decrease in risk-taking behaviors as drivers mature.
Statistically, young adults are less prone to file insurance claims, indicating a decrease in accident involvement. As a result, insurers lower premiums, acknowledging the improved safety records and reduced likelihood of claims from these more experienced drivers.
Cheapest Car Insurance Rates In Medford For Good Drivers
State Farm offers the most affordable car insurance quotes for good drivers in Medford, with rates averaging around $15 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Chubb | $37 | $439 |
| Progressive | $65 | $778 |
| Safety Group | $22 | $262 |
| State Farm | $15 | $178 |
| Allstate | $49 | $586 |
Drivers with clean driving records in Medford usually receive lower car insurance rates because they’re considered lower risk. Insurance companies assess driving records to gauge how safely a person drives. Fewer incidents, such as accidents or traffic violations, indicate that the driver is cautious and less likely to file a claim.
Because insurers determine rates based on the probability of a driver making a claim, a flawless driving record can result in substantial savings on premiums. It’s all about risk assessment – the cleaner the record, the lower the perceived risk, and, consequently, the lower the insurance cost.
Cheapest Car Insurance Rates In Medford For Drivers With Prior Incidents
In Medford, drivers with records of traffic violations, such as accidents, speeding tickets, or DUIs, frequently encounter challenges in securing affordable car insurance. These driving infractions cause insurance companies to categorize them as high-risk, indicating a higher likelihood of filing future insurance claims.
As a result, insurance providers increase their rates for these individuals to offset the risk of facing higher claim payouts.
Cheapest Car Insurance Rates In Medford For Drivers With A Speeding Ticket
Compared to other companies, State Farm offers very affordable rates. On average, their rates are around $43 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $43 | $514 |
| Travelers | $210 | $2,518 |
| Geico | $90 | $1,078 |
| Allstate | $105 | $1,258 |
| Progressive | $153 | $1,834 |
Cheapest Car Insurance Rates In Medford For Drivers With An At-Fault Accident
State Farm provides the most affordable car insurance quotes for drivers with an at-fault incident, averaging around $58 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $58 | $694 |
| Travelers | $259 | $3,218 |
| Geico | $123 | $1,474 |
| Progressive | $180 | $2,158 |
| Allstate | $173 | $2,074 |
Cheapest Car Insurance Rates In Medford For Drivers After A DUI
State Farm offers the lowest rates for drivers with a DUI in Medford, providing average monthly premiums of $70.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $70 | $838 |
| Travelers | $269 | $3,226 |
| Progressive | $142 | $1,702 |
| Geico | $142 | $1,702 |
| Allstate | $215 | $2,578 |
Best Car Insurance Companies In Medford
When selecting a car insurance company in Medford, MA, it’s crucial to consider both affordable rates and dependable protection on the road. Below are the top 10 car insurance companies in Medford, ranked by the average monthly rate they offer:
| Company | Monthly Premium |
| Preferred Mutual | $143 |
| National Grange Mutual | $187 |
| Norfolk and Dedham Group | $147 |
| Safety Group | $146 |
| Plymouth Rock Assurance | $183 |
| USAA | $128 |
| Pure Companies Group | $148 |
| State Farm | $72 |
| Arbella | $178 |
| Metropolitan | $184 |
Average Car Insurance Rates By Age In Medford
| Age | Average Yearly Rate |
| Teenagers | $2,916 |
| 20s | $1,536 |
| 30s | $1,308 |
| 40s | $1,188 |
| 50s | $1,128 |
| 60s | $1,176 |
| 70s | $1,308 |
Age plays a crucial role in determining car insurance rates. Typically, younger drivers, especially teenagers and young adults, encounter higher insurance premiums due to their lack of experience and statistically higher chances of accidents and traffic violations. As drivers approach the age of 25, their rates generally begin to decline, assuming they maintain a clean driving record.
The most favorable insurance rates are often offered to drivers in their 50s and early 60s. Insurance companies utilize age as a metric to assess driving experience and risk potential, which impacts the cost of premiums.
Average Car Insurance Rates By Vehicle Type In Medford
| Vehicle | Average Monthly Rate |
| Toyota Camry | $95 |
| Honda Civic | $75 |
| Porsche Cayenne | $165 |
| BMW X3 | $189 |
| Mazda 6 | $133 |
The type of vehicle you own significantly affects your car insurance expenses. Insurance companies consider factors such as the make, model, year, and body type of the car. Generally, newer vehicles, especially luxury models with advanced technology and higher replacement costs, tend to have higher insurance rates.
Conversely, older cars or those less expensive to repair or replace may attract lower premiums. Insurers take these factors into account because they directly impact the potential cost of claims. For example, repairs for a high-end car are generally more expensive than for a standard vehicle. Moreover, certain car models known for safety may qualify for lower insurance rates due to a reduced risk of accidents and injuries.
How Much Is Car Insurance For Other Cities In Massachusetts?
| City | Average Monthly Rate |
| Boston | $140 |
| Quincy | $103 |
| Brockton | $151 |
| Cambridge | $93 |
| Worcester | $118 |
| Springfield | $110 |
| Fall River | $115 |
| New Bedford | $120 |
| Lawrence | $132 |
| Holyoke | $97 |
The city where you live greatly influences your car insurance rates. Insurance companies consider several factors related to your location, such as the likelihood of accidents, vehicle theft, and vandalism rates, which are generally higher in urban areas. This elevated risk often results in higher premiums.
FAQs
Who has the lowest car insurance rates in Medford?
State Farm provides the lowest car insurance rates in Medford for both the minimum coverage required by the State of Massachusetts and full coverage, which includes comprehensive and collision coverage.
What is the average cost of car insurance in Medford?
The average cost of car insurance in Medford is approximately $110 per month. Rates may vary depending on factors such as your zip code, year and model of car, driving record, and other relevant details.
Related Content
How Much Is Car Insurance For 35 Year Old? Car Insurance For 18 Year Old How Much Is Car Insurance?
Auto Insurance In Your Area
Car Insurance In Michigan Car Insurance Quotes In Albany, GA Car Insurance Quotes In Midland, TX
