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.
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