Massachusetts Auto Insurance Rates Fall
According to the article “Car insurance rates fall 8%, state says” by Todd Wallack in the Boston Globe, Massachusetts auto insurance rates have fallen since they stopped setting their own rates back in 2008. This information was obtained from the Division of Insurance.
The state study shows that auto insurance rates have dropped 8.2% from April 08 to April 09. The rates also fell 5.2% from 06 to 07. In April of 2008 Massachusetts started allowing auto insurance companies to set their own rates which was to create managed competition. Before this rates were highly regulated.
Jason Lefferts, for the insurance division, said that the study also found that during the last year the number of uninsured cars in MA fell and that less people were placed in the high-risk driver category. Since the change in regulation 9 auto insurance companies have entered the Massachusetts auto insurance market.
Tags: auto insurance companies, Auto Insurance Rates, car insurance premiums, massachusetts auto insurance
