Support the news

Impact of New Auto Insurance Rates

Auto insurance companies in Massachusetts have begun filing policy rates under the new "managed competition" system instituted by Insurance Commissioner Nonnie Burnes.

Previously, rates were set by the commissioner, but under the new system, the market is going to determine rates.

The last time Massachusetts tried to institute a competitive system, 30 years ago, rates for some drivers sky-rocketed. Regulators hope the new system will mean better deals for drivers.

For a look at what we can expect from the changes, WBUR's Bob Oakes turns to Stephen D'Amato from the Center for Insurance Research.

This program aired on November 20, 2007. The audio for this program is not available.

+Join the discussion
TwitterfacebookEmail

Support the news