Archive for the ‘Electric Insurance News’ Category
Massachusetts Auto Insurance Rates Slowly Coming Down
According the Boston Globe, Massachusetts auto insurance rates are slowly lowering for many consumers.
Other companies that have recently changed their auto insurance rates, according to published reports, include Commerce Insurance Co. of Webster, which is lowering its average rate 4.5 percent; Liberty Mutual of Boston, which is raising its average rate 4 percent; and Quincy Mutual Fire Insurance Co., which is raising rates an average of 3 percent.
“After four successive years of declining rates, including last year’s 10.7 percent decrease, loss trends, expenses, and inflation dictated a need to increase rates,” said John Natale, a spokesman for Liberty Mutual, which is based in Boston.
Massachusetts Auto Insurance Appeals Board To Be Shuttered
Posted by Paul in Consumer Advocacy, Electric Insurance News, Legislation, Massachusets Division of Insurance, Massachusetts Insurance Agents, Progressive Insurance News, Traveler's Insurance News, Video on January 28th, 2009
NECN delivers a very important story for Massachusetts auto insurance consumers – if your insurance company raises your rates because of an accident and you think it’s unfair, you won’t be able to appeal it to the commonwealth beginning on April 1. Check out NECN’s reporting:
Here is a key point explained by NECN:
If you feel unfairly surcharged by your insurer, you can dump them and get a new insurer.
Who says comparison shopping isn’t worth it?
Posted by Paul in Competition, Consumer Advocacy, Electric Insurance News on March 30th, 2008
In this release by Electric Insurance Company, the company encourages Massachusetts Auto Insurance customers to forgo comparison websites and shop with it directly, citing the availability of inducements and discounts on its own cite. We can’t say that we agree with Electric, though we do like their insurance products! Comparison sites like MassDrive.com and others give Massachusetts Insurance customers the broadest range of choice and prices for their unique needs. Go ahead and compare – no matter what anyone tells you!
Why does it make sense for most Massacusetts auto insurance customers to compare? A few simple reasons:
- Insurance companies sometimes have vastly different rates that can cost or save you money
- Depending on you and your family’s unique situation, certain insurance companies will offer benefits that will save you the most money
- Comparison shopping will inherently give you more information about the auto insurance process in Massachusetts
- It’s now a free market!
