As of March 31, 2008 the auto insurance system, where every company has the same auto insurance rates and every driver pays the same premium, ended.

As of April 1, 2008 insurance companies sets their own rates and compete for your business based on product, price and service.

As always we remain committed to putting you first. We thank you for having chosen us and we pledge to continue to earn your business by meeting your individual needs. We are excited at the prospect of using the approaching changes to insure your way!

We’ll keep you informed. Contact us with any questions you may have!
Massachusetts Installs
Competitive Auto Insurance Market

With the highest auto insurance claim rate in the U.S., the state of Massachusetts has replaced its old overregulated market with a new system in which insurance companies establish their own competitive rates based on driving records.
This effort, long overdue in the eyes of many Massachusetts drivers, removed the state government's current rate-setting authority, allowing insurance companies to set rates instead, and usher in a competitive consumer marketplace.
These changes were necessity for the state with the fourth-highest auto insurance rates in the nation.

Sharing the Loss
Massachusetts allowed drivers to purchase their car insurance from any state-licensed insurer. However, all auto insurance companies shared the losses associated with high-risk drivers, who kept state-mandated rates high. The more market share an insurer holds the more financial risk it would carry. This placed an unfair burden on some of the state's largest insurers, which ultimately was passed along to Massachusetts drivers—even those with clean driving records.

A Better Way
Under this reformed system, consumers can shop around for the best coverage and prices, choosing their own auto insurers. This is a major step toward free enterprise in the Massachusetts auto insurance marketplace, and encourages auto insurance companies to offer competitive prices; help some of the state's best drivers tailor coverage to their needs and get the low rates they deserve; and give high-risk drivers incentive to improve accident and claims rates—and take personal responsibility for their actions behind the wheel.
A reduction in insurance costs due to fraud is also a by-product of a reformed Massachusetts auto insurance system. Auto insurers, now individually responsible for these costs, are becoming much more careful about who they offered coverage to and how they investigated suspected fraudulent claims. Once again, the end result is lowered costs for Massachusetts' best drivers.

Change Is Done
Massachusetts auto industry has reduced state regulation; rates reflective of actual driving records; more consumer choices and greater consumer responsibility...consumers can enjoy competitive marketplace benefits.

Finck and Perras Insurance is here to help you through this change and are looking forward to assisting you find the best competitive rates.
6 Campus Lane, Easthampton, MA 01027 • 413 527-3000 • fax 527-5970 ••• 63 Main Street, Florence, MA 01062 • 413 584-1970 • fax. 586-9069
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