Auto insurance prices that fell sharply soon after deregulation in Massachusetts are climbing once more.
The Boston Globe reports that 5 years following Massachusetts started to allow insurers to set their own rates, the typical premium was about the exact same as it was before the alter.
According to figures from the state Division of Insurance, premiums dropped about 12 % among 2007 and 2009 to a statewide typical of $ 861, saving the typical motorist about $ 122 per year.
By 2012, the typical premium was back up to $ 974, only $ 9 less than what it was before deregulation. 2012 was the most current year that statistics have been available.
State officials say deregulation has helped consumers by offering a lot more selection. The quantity of organizations offering auto insurance in Massachusetts has almost doubled.
Connected Articles:
Mass. Division of Insurance Approves 2 New Entrants to State’s Auto Insurance coverage Market place
Allstate Agents Returning to Massachusetts Following 25 Years
Copyright 2014 Connected Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Mass. Auto Insurance coverage Prices Climb Back Up In spite of Deregulation
Hiç yorum yok:
Yorum Gönder