The Massachusetts auto insurance market is getting set to shift to a system on April 1 that will promote rate competition among insurers in the state for the first time in over 30 years.
Under the current regulatory scheme–called "fixed and established"–rates are set by the Division of Insurance for all carriers, and a driver in a given territory will see the same rate from every company, according to Insurance Commissioner Nonnie Burnes.
"There was one rate, and then a company could deviate off that rate for a particular driver if that driver had a lot of moving violations, for example," she said. "But for the same driver, anywhere in a given territory, it didn't matter what insurance company they went to, they'd get the same rate."
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