Drivers in the state can expect to see rising premiums regardless of whether or not they us marijuana. Massachusetts auto insurance rates are expected to rise across the state as a result of legalized marijuana. This is the case regardless of whether an individual driver actually uses it, say industry experts. Crashes increase in states where the sale of recreational marijuana is legal, says a recent study. According to data from a recent auto insurance rates study, crashes occur more frequently in states allowing recreational pot use, reported the Boston…
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Auto insurance rates in Detroit are “completely immoral”, says Mayor
There are a range of different factors that have been causing the cost of coverage to skyrocket in the city. Due to the exceptionally affordable rent in Detroit, people in the Millennial generation are flocking to the city in droves, but auto insurance in the region is the most expensive in the country and there is virtually no option for public transportation. This is a problem that Mayor Mike Duggan has taken on, but that is leading him from one frustration to the next. As a part of the effort…
Read MoreAuto insurance premiums are on the rise in Massachusetts
Premiums continue to climb since state stopped regulating the auto coverage sector in 2008 Auto insurance is becoming more expensive in Massachusetts. The state is currently home to some of the most expensive auto coverage in the U.S., which is calling into question whether or not regulators should begin overseeing the auto insurance sector once again. In 2008, the state stopped regulating coverage for drivers. For a time, this caused insurance rates to drop by some degree, but they quickly shot up again as insurers sought to generate more profit…
Read MoreAuto insurance prices rise during the winter months
A yearlong study has revealed that drivers in Massachusetts who purchase coverage when it’s cold pay more. According to the results of a study that has been conducted for a complete year, drivers purchasing auto insurance during the winter months in Massachusetts are more likely to pay elevated prices than they would if they bought their policies in the middle of summer. Motorists could spend as much as 20 percent more if purchasing their vehicle policies in March. Prices were also shown to spike for auto insurance coverage in January…
Read MoreAuto insurance fraud falling in Massachusetts
Auto insurance fraud meets aggressive action in Massachusetts Auto insurance fraud has been a growing problem in Massachusetts. This problem began receiving significant attention from state lawmakers more than a decade ago when a staged accident caused resulted in the death of a state resident. A new report from the Insurance Fraud Bureau of Massachusetts and the Automobile Insurers Bureau of Massachusetts highlights the progress that the state has made in its ongoing fight against auto insurance fraud. The report suggests that the state’s continuous efforts have saved consumers from…
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