Auto Reform Changes that Affect Car Insurance Rates in Massachusetts
This page will inform you of the changes made on April 1st, 2008 through Managed Competition which have an effect on car insurance rates in Massachusetts and your overall Massachusetts automobile insurance policy. Below you’ll see how Massachusetts car insurance rates may have been altered.
Managed competition represents a change from the currently regulated auto insurance market in the state of Massachusetts to a more competitive market where the state will not regulate the rates set by the insurance companies. Managed Competition should benefit consumers in the following ways: (1) It should ensure that people with good driving records, regardless of where they live, will get lower rates; and, (2) it will allow insurance companies more options, within specific parameters, to introduce products that better serve the consumers.
For more info on the Massachusetts Auto Insurance Reform, you can visit the following websites:
If you would like more information regarding the Managed Competition Massachusetts Automobile Reform in 2008, please read some of the following articles
- Massachusetts Works to Install Competitive Auto Insurance Market
- Real Insurance Reform
- Car insurers: Competition should work
- New insurance chief goes beyond expectations
- Managed Competition Attracts First New Auto Insurer to State
- Managed Auto Competition Frequently Asked Questions
- Peerless Insurance Returning to Mass. Auto Under Managed Competition
- Massachusetts Imposes “Managed Competition” On Private Passenger Auto Insurance Market
- Agents Wade Into Managed Competition
- Campaign For Fair Auto Insurance Rates
- Mass Coalition for Affordable Auto Insurance for All
- Massachusetts insurance regulations tweaked for managed competition.