MA Ways To Save On Your Auto Insurance Guide

 

With each new Coverage Selections Page and policy booklet, auto insurance consumers in Massachusetts should also receive a: “Ways to Save on your Automobile Insurance” guide.

The guide, mandated to be distributed by companies selling auto insurance in Massachusetts by the Massachusetts Department of Insurance, offers shopping & coverage tips & guidelines.

Table of contents:

  • Shopping for Insurance
  • What is in My Insurance Policy?
  • How Do I Lower My Premium?
  • My Driving Record
  • My Consumer Rights
  • Accidents, Claims and Fraud
  • Things to Remember

If you would like us to forward you a copy of the MA “Ways to Save on Your Automobile Insurance” guide, please just give us a call or click.

If you are looking for a competitive Massachusetts auto insurance quote, please just give us a call or click, as well!

 

Massachusetts Consumer Auto Insurance Dilemma

Most agree, MA “Managed Competition” auto insurance has been a good thing.

National insurance companies have come into the state, and MA insurance consumers now have more choices.

There is, however, a flip-side to all the discounts and improved insurance programs:

If you have a poor driving record (at-fault accidents, moving violations, suspensions or revocations) or a cancelled policy, you may have difficulty obtaining MA auto insurance.

The MAIP (Massachusetts Auto Insurance Plan) marketplace is an option available to MA consumers.

The MAIP program requires 25% down-payment on new business.

If cancelled over the past 12 months for non-payment, MAIP requires (like many companies) 100% premium payment in full.

Our independent MA Agency (Johnson & Rohan Insurance) recently lost a longtime, good client (although not a very organized bill payor) due to cancellation frequency.

Late on one too many Statutory Notices of Cancellation, he is now required to pay 100% annual premium in full.

In addition, he had an accident over the past 12 months and the annual premium has gone up.

Unfortunately, it’s an all too common Massachusetts Consumer Auto Insurance Dilemma.

MA Auto Insurance Rates

MA Auto Insurance News:

  • Over the past six months, MA auto insurance rates have been on the rise.
  • Some companies have started to charge service fees for their, once free, electronic funds transfer service.
  • If your MA auto insurance policy has been cancelled for non-payment, some companies are requiring 100% annual premium paid in full.
  • If you have a troubled driving history (accidents, moving violations, suspensions or claims), you may find yourself in the MAIP (Massachusetts Automobile Insurance Plan). Here you will find state set premiums and limited access to individual company discount programs.

The Massachusetts Division of Insurance proclaims:

“Since the Patrick-Murray Administration introduced managed competition auto insurance reform two years ago, drivers in Massachusetts have saved nearly a half-billion dollars, and many were able to maximize savings by shopping around for a better premium.”

The MA Independent Insurance Agent did most of this shopping.

Our Agency, Johnson & Rohan Insurance, has rated & re-rated, wrote & re-wrote, hundreds of our clients. Time consuming & costly, we consider this an important part of our service.

Give us a call, or click “get a quote.” 

We offer free, no obligation, coverage and premium reviews.

Massachusetts Auto Insurance Rates

For all the benefits that Massachusetts’ Managed Competition auto insurance has brought consumers there is a flip side. Yes, rates are lower than two years ago and yes, there are more insurance programs (like accident forgiveness & disappearing deductible) however there is less insurability and less forgiveness when it comes to cancelled MA auto insurance policies.

We don’t know the statistic, but guarantee the Commonwealth’s percentage of illegal, uninsured drivers is on the rise over the past two years.

Consumers left out in the MA auto insurance cold (suspensions, revocations, cancellations, payment problems), there usually are no terrific rates, nor terrific payment options.

These consumers are left with the option of huge premiums, 100% due or no insurance and Registration revocation.

Still, this is not our ultimate referendum on MA managed competition auto insurance. Things remain in flux.

By utilizing Massautoquote.com, you utilize the shopping power of the independent insurance agent.

Your independent Massachusetts auto insurance agent will shop with multiple companies to find you the best available rates, coverage and programs.

Are you paying too much for your MA auto insurance?

Now, more than ever, it is important to have a set of independent insurance agent eyes review your auto & home (condo or apartment) insurance policies.

Massachusetts residents are enjoying the fruits of “managed competition” auto insurance.

Get a free, no obligation MA auto insurance quote from us today!

Please either submit a quote request online or give us a call at:  781-246-8699.

MA auto insurance case study

Independent MA Insurance Agency improves your coverage & saves you money on your Massachusetts home & auto insurance. Consider a Personal Liability Umbrella Policy.

Our Independent MA Insurance Agency wrote a piece of business this past week that makes an interesting case study.

The client is a 52 year old man, living in Quincy, with a perfect driving record insuring a 2009 VW Jetta.

His policy was renewing with Metropolitan and he carries excellent liability limits ($250,000 per person/$500,000 per accident); $500 Collision deductible & $300 Comprehensive deductible.

His annual premium was renewing at $1,283.

After reviewing his coverage options, we were able to re-write his auto insurance, with a $1,000 Collision deductible for an annual premium of $885.

Our new client also purchased an Apartment & $1,000,000 Personal Liability Umbrella insurance policy for $255.

So, his new total insurance premiums are :  $1,140.

Less than his old premium … & now he has apartment & umbrella coverage!

It is a reminder to have another set of “insurance eyes” review your insurance.

MA Managed Competition underbelly

Another part of the dank underbelly of MA auto insurance “managed competition” is companies now require, for cancelled policies, 100% of annual premium to be “paid in full” before rewriting. This requirement is often unrealistic for those that have had payment problems.

It is this MA insurance agency owner’s belief that MA auto insurance “managed competition” has been a good thing for most MA auto insurance consumers.

However, there is a dark & dank underbelly.

There was a reason Massachusetts moved to government regulated insurance rates under Mike Dukakis. Urban rates were dramatically higher than suburban rates.

Companies are now free to charge whatever they want for rates for, just about, any reason.

Our insurance agency does a ton of auto insurance rating, and we are starting to see large urban area rate increases and big differences between what different companies are charging for rates in different territories.

Another part of the dank underbelly of MA auto insurance “managed competition” is companies now require, for cancelled policies, 100% of annual premium to be “paid in full” before rewriting.

This requirement is often unrealistic for those that have had payment problems.

Still, for most MA auto insurance consumers “managed competition” has brought with it: more choices, lower rates & improved insurance programs.