In April 2008, the old system of auto insurance in Massachusetts was replaced by managed competition, which allows each insurance company to set its own price and compete for consumers’ business. Since the start of 2008, drivers have saved over $470 million on car insurance.
One thing we have consistently said since the start of managed competition is that the best way to save money on auto insurance is to shop around. It might take an hour or two, or a meeting with your agent, but the potential of hundreds of dollars in savings can make that time well spent.
If you’ve shopped for auto insurance, we want to hear about your experience. Please take a minute to take a short, anonymous survey. It is only a few questions, and will help us get a better sense of what consumers are seeing in the marketplace. Thanks in advance for you help.
Understanding Your Financial Institution’s Data Breaches posted on Feb 21
The Commonwealth’s Data Breach Notification Law, Mass. General Law, Chapter 93H, requires businesses and other entities that own or license personal information of Massachusetts residents to notify the Office of Consumer Affairs and Business Regulation and the Office of the Attorney General when they …Continue Reading Understanding Your Financial Institution’s Data Breaches
Service Contracts vs. Extended Warranties posted on Feb 15
When buying a car from a Massachusetts dealer, consumers might hear about automotive service contracts and extended warranties. Both offer protections against certain problems that may arise, but there are differences between them. An extended warranty is considered part of the purchase price of …Continue Reading Service Contracts vs. Extended Warranties
Check Your Check posted on Feb 13
The progression of modern technology has made it increasingly simple for con artists to manipulate both consumers and financial institutions. The use of counterfeit checks is on the rise, and even bankers themselves can have a difficult time detecting check fraud. Sometimes weeks …Continue Reading Check Your Check