What You Need to Know About Massachusetts Auto Insurance

Massachusetts auto insurance rates rank as fourth-most expensive in the U.S. That is due to Massachusetts auto insurance having tough minimum requirements. If you intend to stay within budget on Massachusetts auto insurance, first get a sense of what minimum coverage is required.

Since Massachusetts is a no fault state, all drivers in Massachusetts are required to carry a minimum of $8,000 in personal injury protection (PIP) coverage. This Massachusetts auto insurance covers medical expenses incurred by the driver, as well as lost time working and damage done to the driver’s car.

Massachusetts auto insurance also mandates coverage for property damage and bodily injury to others in an accident caused by the policyholder. The minimum amount for medical expenses for an individual is $20,000. For medical expenses for all occupants in another car that is in the accident with the policyholder, the minimum coverage is $40,000 and for property damage, minimal coverage is $5,000.

If expenses incurred surpass these minimums, the driver will be liable for the difference. So it is smart to buy a greater amount of Massachusetts auto insurance to protect against additional liability.

To find out more, check out the article “Car Insurance in Massachusetts”

Drivers also need to have Massachusetts auto insurance for underinsured and uninsured coverage, in the event that they are in an accident with this sort of driver, as well as a hit-and-run driver.

Massachusetts auto insurance is regulated enough that companies from out of state companies are less likely to sell insurance there. With not as much competition, Massachusetts auto insurance rates are naturally higher. Recent laws are intended to lure out of state auto insurance providers to begin selling Massachusetts auto insurance in order to help reduce Massachusetts auto insurance rates.

To find out about different kinds of auto insurance, visit this page: Auto Insurance Rates by State.

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