Hey everyone, So it's starting to warm up in Boston, and I'm getting excited to put my 355 back on the road. However, I'm only going to be driving it for the month of May, and then maybe again in September/October, as I'll be in New York for the summer without car. :-( I was wondering if anyone knows a company that underwrites monthly insurance policies in Mass? I'd hate to pay for 6 months of insurance if I'm only driving one or two of those months. Thanks! -Jeremy
Hey, I used to be in P&C insurance in a prior life. I doubt that you'll be able to find a reasonable monthly policy (if you can find one at all)..simplest thing to do is obtain coverage under a normal 6-mo pol and simply cancel it once you take the 355 off the road..they'll refund you the balance of the premium paid. The worst part of the whole thing is you only get to drive her for a month this summer!
Ditto to what Paul said. Insurance in MA is regulated. I asked around a couple of years back, and found out that the carriers will issue only a "year-round" policy. If you want to take the car off the road, you actually need to return the license plate and cancel the registration, then re-register it when you get insurance again. This is done because MA will allow registration only if you have insurance. vty, --Dennis
True...I have been out of Mass for a few years and forgot the nuances of their RMV with regard to insurance(i.e. plate return, etc.) That's why Maine's so great..no emissions testing, plates go in the trash when you're done with them, etc.
Thanks for the feedback. I'm fairly dissatisfied with my current insurance agent (not sure they did a good job finding a good price with an underwriter), and it seems that no major insurance underwriter (Progressive, Geico, Allstate, State Farm, etc.) does auto insurance in Massachusetts, so there are no online quotes I can look at directly. Does anyone in Massachusetts have an insurance agent / underwriter who they can recommend?
Massachusetts Auto insurance companies are regulated by the State of Mass. so GEICO and Progressive cant sell in Mass. My agent is great he searches the good companies... Ferrari's are tough alot of the companies wont insure them.. I use Commerce Ins. my policy for my 360 spider is $1550.00 and my 348 Tb is $975. 00 Full coverage 100/300 liability with 1000 deductable.
I would also recommend Commerce. I have had them for years and when I bought my new Maserati last year I tried checking out a few other prices. Commerce was the only carrier that was able to give a quick quote as all the others said Maserati was not in their system and would take a few days for price. Have full coverage with 250/500 liability and premium was $2,180 but knocked down to about $1,500 with my step 9 safe driving points. On the other hand cost is about $4,000 for my teenage step-daughters 1993 Jeep. Since she is in college most of the year I just put it on the road in May and cancel it at the end of August. Yes I have to pay for new registration every year but at least my agent does all the RMV running for me
Is he a "captured agent" meaning he represents one co? Or is he a broker writing with whatever companies he can get appointed with?
just to be clear, they COULD sell in MA (if they agreed to the terms and paid into the idiotic kitty) but they are smart enough not to and because of this it is WILDLY difficult to insure an unregistered car in MA. i had to deal with this when i got my 355 sans title. i was told you could purportedly buy an "inland marine policy" to cover damage to the car as it sat in your garage, but my agent was never able to find such a policy to sell me. moronic auto insurance rules here. just idiotic. doody.
I agree, Mass is tough...for many reasons. Having lived there for many years, here is a comparison of rates between Mass and Maine. In my last year there (1999) I was a student driving a 1988 Nissan Pulsar. No Coll/Comp, just 100/300 liab limits ran me nearly $1400/yr on a step 9. Here in Maine, six years later, my premiums are about double that, but for 250/500 liabs, full comp/coll with $100 deds on the 328 GTS, BMW X5 4.4, 540I, Winnebago and car carrier combined! I cringe to think how much that would run me back down there!