Geico is entering the auto insurance market in Massachusetts.
State Insurance Commissioner Nonnie Burnes confirmed in a statement Friday that the nation’s third-largest auto insurer has filed to begin selling premiums in May.
Geico would become the second major national insurer to being doing business in Massachusetts since the state moved to “managed competition” for auto insurance a year ago. Progressive was the first.
Massachusetts had been the last state where car insurance rates were set by regulators.
Burnes said Geico’s filing shows that managed competition is bringing more choices to consumers in the state.
Burnes said the Division of Insurance is reviewing the filing to make sure it complies with consumer protection requirements.
Topics Auto Massachusetts
Was this article valuable?
Here are more articles you may enjoy.
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
Sources: US Treasury to Consult With Insurance Regulators on Private Credit Lenders 
New York Restaurateur Charged In No-Fault Auto Insurance Fraud Scheme 
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
