Minimum Liability Auto Insurance – What is the Minimum Liability Auto Insurance Coverage?

Q: Is liability insurance required in MA? If so what is the minimum amount of liability auto insurance that I need to carry in Massachusetts?

A: In Massachusetts the minimum amount of liability auto insurance required is $ 40,000 in bodyily injury and $ 5,000 dollars in property damage liability. In addition to this you are required to carry at least $ 8,000 dollars in personal injury protection.

Massachusetts is one of the few states that auto insurance rates have trended down in the last couple of years. This is due to the fact that for a long time a lot of insurance companies chose to do business in MA due to heavy regulations.

In recent years the auto insurance industry has been deregulated enough that other companies are willing to write policies in MA. As always competition is good for the consumer. In Massachusetts the reduction in prices is mainly due to the fact that residents were paying very high premiums to begin with. Even with the recent down trend trend MA is still an expensive state to insure an automobile in.

The minimum liability auto insurance required in MA is reasonably not enough for a total loss accident so we strongly advise that you purchase more coverage from your auto insurance carrier.

Another thing that we highly recommend is comparing online auto insurance rates. Many drivers are simply paying too much money for their auto coverage, and it's always a good idea to shop around from time to time. You might be surprised at how much money you can save on your car insurance premiums.

Source by David Ackland

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Your email address will not be published. Required fields are marked *

Minimum Liability Auto Insurance – What is the Minimum Liability Auto Insurance Coverage?

Q: Is liability insurance required in MA? If so what is the minimum amount of liability auto insurance that I need to carry in Massachusetts?

A: In Massachusetts the minimum amount of liability auto insurance required is $ 40,000 in bodyily injury and $ 5,000 dollars in property damage liability. In addition to this you are required to carry at least $ 8,000 dollars in personal injury protection.

Massachusetts is one of the few states that auto insurance rates have trended down in the last couple of years. This is due to the fact that for a long time a lot of insurance companies chose to do business in MA due to heavy regulations.

In recent years the auto insurance industry has been deregulated enough that other companies are willing to write policies in MA. As always competition is good for the consumer. In Massachusetts the reduction in prices is mainly due to the fact that residents were paying very high premiums to begin with. Even with the recent down trend trend MA is still an expensive state to insure an automobile in.

The minimum liability auto insurance required in MA is reasonably not enough for a total loss accident so we strongly advise that you purchase more coverage from your auto insurance carrier.

Another thing that we highly recommend is comparing online auto insurance rates. Many drivers are simply paying too much money for their auto coverage, and it's always a good idea to shop around from time to time. You might be surprised at how much money you can save on your car insurance premiums.

Source by David Ackland

Leave a Reply

Your email address will not be published. Required fields are marked *