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Auto insurance consumer complaints break the 10,000 mark in Massachusetts

April 6, 2013April 30, 2013

These include inquiries that were made and received by the state regulators, all within 2012. Regulators in Massachusetts have reported that they received 10,729 communications from consumers in the state with issues regarding their auto insurance coverage, policies, and providers. The state reported that this was the total number of complaints that were received in 2012, alone. The report was made by the Office of Consumer Affairs and Business Regulation in the state, as well as its insurance division. The communications from the consumers involved both questions and complaints about…

Auto insurance premiums in West Virginia are higher than many states

October 31, 2012October 29, 2012 Julie Campbell

A recent study has shown that drivers in that state pay more than many others across the country. A comparison study has been performed across the various states, and major differences were discovered in the auto insurance premiums paid by some drivers over others in different parts of the country. The research involved a survey that compared average premiums paid by drivers across the nation. For example, an annual average of $4,409 was paid by drivers in Michigan. This amount represented approximately 8 percent of the income of those motorists.…

Allstate makes a return to Massachusetts after 25 year absence

October 2, 2012 S.Vagus

Allstate returns to Massachusetts as regulations grow lax Allstate Insurance has announced that it is opening its first office in Massachusetts in over 25 years. The insurer had abandoned the state a quarter century ago due to its strict regulations concerning auto insurance rates. These regulations have seemed to be relaxed, however, creating an opportunity for Allstate to make its return. The insurer will be offering up auto insurance policies in the state by the end of the year. Auto insurance regulations drove away Allstate in the past The last…

Auto insurance surcharges highlighted in Massachusetts study

June 25, 2012 S.Vagus

Study finds that drivers avoid fighting auto insurance surcharges A new study conducted by the New England Center for Investigative Reporting has found that many Massachusetts drivers are not appealing insurance surcharges associated with accidents and traffic violations. The study draws upon data from the state’s Insurance Board of Appeals. This data suggests that drivers are avoiding appealing insurance surcharges because of the concept that they are unable to win their case. This may not be the case, however, according to the Center for Investigative Reporting. Despite high success rate,…

Massachusetts auto insurance rates are skyrocketing

May 21, 2012April 30, 2013

The state Governor is introducing a new approach to try to control this growing issue. When Governor Deval L. Patrick first made its significant deregulation changes to the once tremendously costly and extremely regulated Massachusetts auto insurance industry, five years ago, he also promised consumers that it would help them to save money as he brought in a new approach which he called “managed competition.” This strategy did work at first, with premiums falling an average of 12.7 percent from 2007 to 2009. This was according to the data from…