Massachusetts Car Insurance
Massachusetts has stringent auto insurance laws. Drivers in the state of Massachusetts are required to carry minimum liability insurance of $20,000 per person, $40,000 per accident for bodily injury and $5,000 minimum coverage for property damage. Massachusetts also requires drivers to purchase Uninsured/Underinsured Motorist (“UIM”) coverage at the limits of $20,000 per person, $40,000 per accident for bodily injury and Personal Injury Protection (“PIP”) coverage with minimum limits of $8,000.
UIM coverage pays damages in the event the driver at fault for an accident is uninsured or does not have enough insurance to pay for the damages sustained by the other driver(s) or passengers. It is an important form of coverage as there are too many drivers on the road that are uninsured or underinsured.
An example of UIM coverage would be if a driver had UIM coverage and the driver at fault for the accident was uninsured or did not have enough insurance, the insured driver would be able make a UIM claim with their auto insurance company. For their UIM claim, the insured would be able to receive up to $20,000 for their own bodily injury damages. Their insurance company would pay up to $40,000 for all UIM bodily injury claims in the accident.
PIP insurance is no fault coverage that pays for medical bills and lost wages for a driver and their passengers following an accident up to the PIP limits. In Massachusetts, PIP laws are somewhat distinct. With a minimum PIP policy, PIP coverage pays for the first $2,000 in medical bills resulting from an accident and the first $8,000 in lost wages.
For bills from an accident beyond $2,000, the PIP insured would be able to submit their medical bills to their health insurer. However, if the PIP insured driver does not have health insurance or if the health insurance company denies payment of the bills, the insured is entitled to receive up to $8,000 in accident related medical expenses from their PIP insurer.
Other Optional Types of Coverage
Other important available insurance coverage types in Massachusetts include Collision and Comprehensive coverage. These coverage types are not required by law but can be very important in the event of an accident. Many financial institutions require vehicle owners to purchase collision and comprehensive coverage as a condition of their loan. These coverage types can be discontinued once a car is paid off or for an older car.
Do Not Allow Your Insurance Policy To Lapse
Massachusetts drivers should never allow their auto insurance policies to lapse. Besides being against the law, each day hundreds of Massachusetts drivers are involved in car accidents. Uninsured drivers in Massachusetts pay fines and may be forced to comply with state financial responsibility laws, which require them to purchase expensive SR–22 Insurance. They can also be held personally responsible for all damages caused in an accident, which can be hundreds of thousands of dollars in damages. Driving in Massachusetts without car insurance is fiscally irresponsible and can lead to financial ruin.
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Drivers in Massachusetts have more than a dozen auto insurance companies to choose from. National insurers such as Allstate, Geico, and Liberty Mutual all sell auto insurance in Massachusetts. Whether you live in Boston, Worcester, Springfield, Lowell, or New Bedford, use BestCarInsuranceCompanies.net to get low cost Massachusetts auto insurance. Just enter your zip code above to get started and you could be on your way to saving hundreds of dollars a year on your car insurance.