Extensive and Expensive Vehicle Insurance Quotes
Massachusetts is not only one of many states that require motorists to maintain an Vehicle insurance policy, but it also has some of the more expensive coverage costs. However, the amount of protection that the Bay State requires is thorough, requiring that all residents maintain a policy with at least $20,000 worth of bodily injury liability per person and $40,000 for a single accident, Personal Injury Protection (PIP) of $8,000, uninsured/underinsured coverage of $20,000 per person and $40,000 per accident, and $5,000 for property damages. Even though MA is considered a no-fault state, meaning residents must carry PIP to cover the injuries sustained in an accident up to the limits of the policy; motorists are still required to carry bodily injury liability. This is because a motorist could still be found liable under certain circumstances for the compensation due to another party in which they injure.
There are many different reasons why Massachusetts Vehicle insurance rates are higher than the national average, and the extent of required coverage is just one of such reasons. Generally speaking, MA is accredited as having a higher cost of living than other states which can affect the prices of many different services including medical care, vehicle repair costs, and consequently the price vehicle coverage. Furthermore, the Bay State has many cities which are densely-populated, a detail that can often translate into more frequent accidents and more hazardous driving conditions. When a motorist is placed in an environment in which accidents are more likely to occur, insurers are then more apt to increase rates in order to compensate for these risks. Luckily, even though coverage costs are typically high, there are still ways in which a vehicle owner can lower these expenses.