Getting around in Lowell may require a car. Whether you live in the Acre and drive downtown for work, or travel from Highlands to Pawtucketville a few days a week for classes, it’s important to have the right Lowell, MA car insurance policy. But how do you know which policies are right for you? Exactly how much coverage do you really need? Finding the right policy doesn’t have to be a complicated process, especially when you work with an independent insurance agent. Your agent can answer your questions regarding coverage and can even compare multiple Lowell auto insurance quotes to find one that fits within your budget. Contact an agent today to get started.
Massachusetts Car Insurance Requirements
- Bodily injury liability: required
- Property damage liability: required
- Uninsured motorist: required
- Personal injury protection (PIP): required
- Minimum liability limits: 20/40/5
- Coverage up to $40,000 for all persons injured in an accident, subject to a limit of $20,000 for one individual, and $5,000 coverage for property damage
Massachusetts law requires that all drivers carry these amounts of liability coverage. Failure to do so can lead to fines of $500 to $5,000 and possibly up to one year in jail.
Massachusetts Uninsured Motorists
- National uninsured motorists: 12.6%
- Massachusetts uninsured motorists: 3.9%
- Massachusetts average vehicle repair cost: $2,297
The percentage of Massachusetts drivers without required coverage is considerably lower than the national average, but you could still be involved in an accident where the at-fault driver is without insurance. Uninsured motorist coverage can provide extra security and bring you the peace of mind that comes from knowing your damages will be covered, whether the at-fault driver doesn't have insurance or is not financially capable of providing compensation.
Car Theft in Massachusetts
- National vehicle thefts (per 1,000 registered vehicles): 2.94
- Massachusetts vehicle thefts (per 1,000 registered vehicles): 1.91
The car theft rate in Massachusetts is considerably lower than the national rate, but there is always a chance that your vehicle could be stolen. Your risk of this type of loss can be decreased by a few common-sense measures. Always lock your car and park it in secure or well-lit areas whenever possible. You can also protect your car from theft with a comprehensive auto policy, as well as improvements in security like anti-theft devices or GPS.
Purchasing Lowell Car Insurance: How Much Do I Need?
Normally, it’s a good idea to purchase more coverage than the state's minimum requirements. You will pay more for raising your liability limits, adding higher personal injury protection limits, or buying comprehensive insurance. However, if you are involved in a major accident that involves injuries, fatalities, or property damage, your extra insurance coverage will really pay off.
When you're deciding what limits to purchase, think about your finances and your assets. Is your car valuable? If so, protecting it with comprehensive insurance or raising your collision limit might be a good idea. Do you have the means to pay for an extended hospital stay? If not, you may want to raise your personal injury protection limit or consider purchasing uninsured/underinsured motorist coverage on the off-hand chance you're in an accident caused by a driver without proper insurance. Talk with your agent about your concerns and questions. Independent agents in our network will make sure that you get the coverage you need at a price you can afford.
How Much Does Lowell Car Insurance Cost?
Premiums in Massachusetts run a little higher than the national average, but keep in mind that this is just an estimate of what you will actually pay. Safe drivers typically pay less than those who have been in several accidents - but your driving history isn't the only factor that determines your car insurance rate.
Another factor that affects car insurance is your location. High crime areas are generally linked to a higher chance of car theft, so your Lowell car insurance premium may be slightly higher to offset the chance of your car being stolen. Other factors like the make and model of your car will influence the cost. More expensive cars obviously require a higher coverage limit. Don’t let such things deter you from purchasing the right coverage amount. Your independent agent can help locate discounts.
Massachusetts Car Insurance Costs
- National average cost per year: $1,311
- Massachusetts average cost per year: $1,460
- 16th most expensive premiums in the US
Benefits of Working with an Agent
When you work with an agent, you have a professional partner you can depend on. Other ‘captive’ agents can only provide policies and Lowell auto insurance quotes from one source, which limits your options and possible savings. An independent agent can find multiple policies that fit your unique circumstances. Once you’ve found a policy, your agent doesn’t just leave you to your own devices. You’ll never have to worry if there’s a problem with a claim; your independent agent is pledged to advocate for you.
If you need to renew your Lowell car insurance policy or find a new provider, contact a local independent agent in our network for personalized assistance.