Bay State drivers have started shopping around for better rates on their auto insurance, and the state’s top regulator said that consumers should consider switching if they find a better deal.
The new system of managed competition, which replaces the long-established legal tradition of the state setting rates for the state, kicks in on April 1.
Insurance Commissioner Nonnie S. Burnes has been acting as cheerleader-in-chief for the new system, advocating that buyers peruse a state-established Web site that lets them compare rates.
However, she cautioned drivers to check if their insurer charges an early cancellation fee on policies, before they cancel their current one existing policy.
Insurers could choose to reward those who don’t switch with discounts, she said.
The Massachusetts Association of Insurance Agents, concerned agents would be flooded with calls by consumers looking for early deals, alerted its members to the commissioner’s advice.
Topics Personal Auto Massachusetts
Was this article valuable?
Here are more articles you may enjoy.
Fisherman Killed by 12-Foot Alligator at Central Florida Lake 
All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery 
Report: Auto Insurance Total Loss Frequency Climbs, More Drivers Pay Repairs 
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event From This Issue
