Massachusetts Governor Maura Healey lately signed laws rising the minimal protection limits of auto insurance coverage for some obligatory coverages.
These new limits will apply to insurance policies issued or renewed on or after July 1, 2025:
- Bodily Damage Protection increases from $20,000 per individual/$40,000 per accident to $25,000 per individual/$50,000 per accident
- Property Injury Protection will increase from $5,000 to $30,000
The bounds for the opposite obligatory coverages stay unchanged at:
- Uninsured Motorist Bodily Damage Protection (UM): $20,000 per individual, $40,000 per accident
- Private damage Safety (PIP): $8,000 per individual, per accident
In accordance with an evaluation by MarketWatch, the typical price of full protection within the state has elevated by 8% since 2023. The common price of minimal protection within the state was practically the identical in 2024 as in 2023. The common annual price of minimal legal responsibility automobile insurance coverage in Massachusetts is $759, which is about 13% cheaper than the nationwide common of $869. Full protection prices $2,620 per yr on common, which is about 2% beneath the nationwide common of $2,681 per yr, MarketWatch reviews.
Subjects
Auto
Massachusetts
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