Thursday, June 5, 2008

Demystifying Deregulation

Our advice to people looking to take advantage of the new auto insurance deregulation perks? Shop till you drop.

Consumers mistakenly believe they have no control over the cost of their auto insurance. This simply isn't true. As of April 2008, drivers in Massachusetts now have the opportunity to lower their auto insurance premiums by shopping around, driving safely and taking advantage of group discounts.

For the past 30 years, state regulators have set auto insurance rates and carefully restricted the types of insurance coverage folks could buy. Under the new “managed competition” system, insurance companies are free to set their own rates.

"It's going to take a lot of legwork," notes Deirdre Cummings, legislative director for the Massachusetts Public Interest Research Group, to the Boston Globe. "We are completely changing the way people are buying auto insurance in Massachusetts."

As a Consumer United member, you're entitled to 10% off the rates from our service partner Plymouth Rock Assurance. But that's just the start.

Want to learn more? Check out this "Ways To Save" guide from the Automobile Insurers Bureau of Massachusetts. Meanwhile, click here to get a quote.

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