Average car insurance cost in Lowell, MA

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

The average car insurance cost in Lowell, Massachusetts is $1,971 per year, according to Insure.com data. This is $245 more than the average auto insurance cost in Massachusetts and $76 more than the national average, as analyzed by Insure.com.

The rates can vary wildly depending on where they are filed. City demographics, including population density and average resident age, will affect how much money you spend on premiums which could make it cheaper or more expensive than other areas with different factors like accident rates, theft and vandalism rates, etc.

The article covers information on – the cheapest car insurance providers in Lowell, the average car insurance rates by age, gender and how much is car insurance in Lowell based on coverage limits. Whether you’re a new driver or have been driving for years, this article can help you find the best deal on cheap car insurance in Lowell. Read on to learn more.

Cheap car insurance companies in Lowell

State Farm offers the most affordable car insurance in Lowell for coverage limits of 100/300/100 at $833 per year.

The Plymouth Rock Assurance comes close second offering car insurance at $1,354 per year.

As mentioned previously, car insurance quotes differ amongst companies due to the factors they consider when determining rates. Hence, it’s advisable to obtain quotes from multiple insurers to find affordable car insurance rates in Lowell that align with your needs before finalizing your insurance carrier.

Here are the average annual and monthly costs for the various car insurance companies providing coverage in Lowell, Massachusetts:

Read about the best car insurance companies.

Average car insurance cost in Lowell by coverage limits

In Lowell, the average car insurance rates based on coverage types are as follows:

• State minimum coverage: $634 per year (limits are 25/50/25)
• Liability only coverage: $811 per year (limits are 50/100/50)
• Full coverage: $1,971 per year (limits are 100/300/100)
• Non-owners coverage: $536 per year

In most states, drivers must have the state minimum coverage to drive legally, but these vary by state. However, state minimum coverage does not cover any vehicles listed on your policy in an at-fault accident.

To avoid compromising on the coverage and pay out-of-pocket expenses, it is better to have full coverage or non-owner coverage if you don’t own a car but borrow or rent one frequently.

Average car insurance rates by gender in Lowell

Based on an analysis by Insure.com, female drivers in Lowell, Massachusetts pay an average annual car insurance premium of $1,971. In comparison, male drivers pay $1,971 annually, which is equals to what female drivers pay.

According to the Insurance Information Institute, statistics indicate that women are generally considered safer drivers than men. Also, women pay less for car insurance due to the lower rate of severe accidents.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Lowell

In Lowell, car insurance rates are highest for teens, averaging $5,895 per year or $491 per month. According to the Insurance Information Institute, these higher rates for 16- to 19-year-olds are due to their increased likelihood of road accidents due to their lack of driving experience.

Specific teen driving laws have been implemented to help them become better drivers. Additionally, parents can lower teen insurance rates by adding them to their existing auto insurance policy.

As teens grow older and build a positive driving history, their car insurance rates decrease. Young adults usually pay $3,042 annually for their car insurance, which is $2,853 less than what teens pay for their coverage.

In Lowell, adult drivers pay an average of $1,990 per year for car insurance, while senior drivers pay $1,713 annually.

According to the Insurance Information Institute, rates for adults and seniors are significantly lower than for teens and young adults, as they are more likely to obey speed limits and follow road rules.

Read more on auto insurance for seniors.

The table below lists the average annual rates for drivers of different age groups:

Car insurance rate trends in Lowell

Examining the trends in car insurance rates in Lowell, Massachusetts it was on an upward swing from 2022 to 2023. From 2022 to 2023 rates increase overall by 11%, or $190.

The table below shows the trend for last four years:

Conclusion

Car insurance rates in Lowell are higher than the average rates in Massachusetts. Drivers in Lowell can secure affordable car insurance by shopping around and utilizing available discounts. Additionally, many insurance companies offer bundling discounts for customers who purchase multiple policies from the same provider.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

 . .

Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.