Auto Insurance Rate Increases in Massachusetts: Up 19% Since 2011

Massachusetts auto insurance companies have increased rates below the national average since 2011. In this article we analyze how the largest companies in the Massachusetts fared for rate increases in the past six years.

Auto insurance rate increases over the past few years have been on the lower side in the Bay State, compared to the rest of the U.S. Here are the major insurance companies that have raised rates the most in Massachusetts, and by how much.

Car Insurance Rate Increases in Massachusetts

The average rate of increase of car insurance in Massachusetts was 19% since 2011, which is the 22nd lowest in the entire country. There were a few companies however that raised rates significantly above the Massachusetts average, as well as the national average. Allstate, Liberty Mutual and Plymouth Rock were the biggest offenders - all raised rates by over 30% since 2011. Surprisingly, large companies like State Farm, Farmers and Progressive were among the lowest rate increases, which is often unusual.

Company201220132014201520162017*Total Inc. Since 2011
Allstate7%2%7%10%8%0%39%
Amica5%0%-5%0%2%6%8%
Arbella5%3%-3%2%3%0%11%
GEICO5%4%1%5%1%0%16%
Farmers0%0%0%0%0%0%0%
Liberty Mutual5%5%7%5%5%5%36%
Mapfre4%3%1%0%5%4%17%
MetLife4%0%0%2%6%0%12%
Nationwide0%6%4%6%6%0%24%
Plymouth Rock4%6%4%5%7%3%32%
Progressive0%3%1%-2%0%0%2%
Safety Insurance4%0%0%4%6%0%14%
State Farm0%0%0%0%0%0%0%
The Hanover5%2%0%6%4%5%24%
Travelers5%4%0%-2%-2%0%5%
USAA0%0%-3%0%9%4%9%
Average4%3%1%3%4%2%19%

*Until May 2017

The graph below shows how each of the insurers above stacked up against each other in terms of cumulative rate increases since 2011.

Map shows how states compared for car insurance premium hikes since 2011

Auto Insurance Rate Increases in Massachusetts Compared to Other States

The 19% increases in the state are the 22nd lowest in the country, but is actually one of the highest in New England. Vermont, New Hampshire and Maine all raised rates a smaller amount than Massachusetts. Still, Massachusetts had much smaller rates than in New York, Connecticut and Rhode Island, who had the 6th highest rate increases.

Map shows how states compared for car insurance premium hikes since 2011

As you can see in the table below, Massachusetts insurance companies began in 2011 with rate increases that matched the national average, but have since imposed increases one or two percentage points under the national average. That can mean pricing has stabilized in the state and drivers may be fortunate to not see their rates become more expensive relative to the rest of the country.

YearMA Increase Per YearNational Increase Per YearDifference From National Increase
20124%4%0%
20133%3%0%
20141%3%-2%
20153%4%-1%
20164%6%-2%
2017*2%3%-1%

*Until May 2017

Sources
Nielsen iClout data
Ratefilings.com

Mark Fitzpatrick

Mark Fitzpatrick is a Research Analyst at ValuePenguin focused on the insurance industry. He previously worked in Country Risk Management at State Street Corporation.

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