state of Massachusetts

The state of MA follows the No-Fault system. This means that the policyholder’s injuries will be paid for regardless of who is found to be at fault up to the specified limits of the policy. The state’s requirements on automobile policies are some of the most extensive throughout the nation. The following is the minimum required in order to operate an automobile:

  • $20,000 for bodily injury to a third party with one person injured
  • $40,000 for bodily injury to third parties with two or more people injured
  • $8,000 for Personal Injury Protection (PIP)
  • $20,000 per person and $40,000 per accident for uninsured motorist coverage
  • $5,000 for damage of another person’s property

Personal injury protection helps to pay for medical expenses for the insured and/or any passengers involved up to the limits of the policy. Uninsured motorist pays for injuries sustained by the policyholder and/or their passengers if they are struck by a driver that does not have coverage, are underinsured or if they are victim of a hit-and-run. Although made mandatory, this option would be beneficial even if it wasn’t. Individuals should be aware that none of the required Massachusetts auto insurance policies cover any damages that the insured’s vehicle sustains as a result of a collision.

Compare Car Insurance in Massachusetts and Save

The state Commissioner of Insurance used to set the costs of premiums under the "fix-and-establish" system. As of April 1, 2008 this was no longer the case. For this very reason is strongly suggested by the state’s Consumer Affairs and Business Regulation agency that consumers begin comparing the rates of multiple insurers in order to find the most affordable policies. This is because without the prices being set carriers now have to compete for business based on cost as well. A comparison can show that the rate from one company to the next can vary substantially.

Getting quotes is free and requires no obligation, therefore the consumer has nothing to lose and a lot to gain. A very fast and effective way to begin comparing providers and there pricing is with the resources made available on the Internet. By completing an online application form and submitting it, the consumer will be provided with rates from various reliable companies that are approved to issue coverage in their area. This only takes a matter of a few minutes and is quickly growing as a popular method of completing comparisons due to the ease and convenience that it provides.