If you’re a millennial, you’re likely out on your own for the first time. Beyond finishing school and getting a job, you’re probably also getting your own auto insurance for the first time. If you own a car, getting auto insurance is required in the Commonwealth. You simply can’t register a car in Massachusetts without one. Here are some tips that will help you find the best coverage and options.
Shop Around
Massachusetts is a competitive insurance market. Therefore, rates could vary greatly from one company to another. Be sure to get quotes from multiple companies. Consider not only price but also company reputation and service. Hopefully you won’t need to file your first claim anytime soon, but should you need to, a company with good service will make it a much less stressful experience.
Ask About Discounts
With student loans to pay for, you’ll want to save money in every way possible. Be sure to ask your insurance agent about discounts. Some companies offer discounts specifically for young drivers. Most companies offer other discounts, such as those for memberships and affiliations, or bundled policies.
Go Beyond Minimal Coverage
Massachusetts requires certain minimal coverage for auto insurance. Many millennials make the mistake of buying only what is needed. You may want to consider some add-on coverages or higher limits for existing coverage categories. More protection means less out-of-pocket expenses when you have issues. Although you pay a little more up-front, it is probably less than you imagined and can be well worth it!
Work with an Independent Insurance Agent
One of the most valuable auto insurance tips for millennials that we can offer is to contact an Independent insurance agent. Independent agents work with many insurers (rather than just one). They can research rates and discounts for you, saving you valuable time and energy. They also provide helpful advice on a wide range of insurance topics, helping you make better decisions.
More Auto Insurance Tips for Millennials in Massachusetts
Although you may fall into the category of a millennial, your personal circumstances are actually quite unique. From the car you own to where you live and what type of job you hold, your insurance needs will differ from other millennials that you may know. At Eagle Trust Insurance, we take the time to understand your needs and to guide you through getting the right types of coverage. Contact us for assistance and guidance.
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