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Competitive Auto Rating is Here
As you know, competitive auto rates became available in Massachusetts beginning April 1, 2008.
New coverage options, along with discounts will vary among companies.
The following are some of the new discounts available with some companies:
- Good Student – At least a 3.0 average or the equivalent
- Student Away at School (100 miles or more)
- Driver with Advanced Driver Training – specific programs only
- Hybrid Vehicle
- Vehicle Equipped with Anti-Theft Device
- Low Mileage Discount – must be verified through annual safety inspection data on file with the Registry of Motor Vehicle
- Public Transport Discount – evidence of monthly use is required in the form of receipts for 11 of 12 months during the policy period
- Account Credits for having both auto and home with the same carrier
The following are some of the new coverage options available with some companies:
· Replacement Cost
· Disappearing Deductible
· Loan/Lease Gap
· Accident Forgiveness
Documentation is not required when quoting Good Student, Student Away at School, and Advanced Driver Training discounts but would be required to issue a policy including these credits.
Our Auto Markets
Plymouth Rock Assurance Company Safety Insurance Company
Travelers of Massachusetts Fireman’s Fund
Commerce Insurance Company
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