Massachusetts Auto Insurance Changes April 1, 2008 - Frequently Asked Questions
For the first time in 40 years, Massachusetts' auto insurance rates will no longer be set by the insurance commissioner. Previously, the insurance commissioner established a single set of rates to be used by all insurers, so no matter which insurance company quoted an auto insurance policy, the premium was the same. Now each insurance company will set their own rates so premium may vary from one insurer to another.
Most people will likely see a moderate decrease in their insurance premium for auto policies that renew after April 1, 2008, but some people will see an increase. This will largely depend on past driving records and other risk factors.
Renaissance Alliance independent insurance agents have access to 80% of all insurers licensed to write auto insurance in Massachusetts. They will assist you to find the best options for your particular needs, while assuring that you receive personalized service and protection customized to your individual needs.
For more information about this change and how it will affect you, we've compiled a list of Massachusetts Competitive Automobile Insurance - Changes Effective April 1, 2008 - Frequently Asked Questions. Or find a Renaissance Alliance agency near you.