After deregulation occured, many were very skeptical because it did not seem to drive down insurance prices. In fact, some people were seeing increases.
After this occured, lots of emphasis was put on the responsibility for consumers to shop around. When consumers shop around it creates more competition, which leads to lower premiums.
Now after some time since deregulation, Massachusetts has made it to the list of the top ten for lease expensive auto insurance states.
This doesn’t mean its time to stop though, consumers should continue to search for the best deal for their dollar. The first step in doing that is staying up to date on what’s going on in the market!
I have been driving for 14 years, rely on Public Transportation 100% of the time to get to/from work, am a step 99 and have never once had a ticket or gotten in an accident. I just got my renewal in the mail from my current carrier to the tune of a double digit increase. I can’t help but feel I am still subsidizing the bad drivers!
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After deregulation occured, many were very skeptical because it did not seem to drive down insurance prices. In fact, some people were seeing increases.
After this occured, lots of emphasis was put on the responsibility for consumers to shop around. When consumers shop around it creates more competition, which leads to lower premiums.
Now after some time since deregulation, Massachusetts has made it to the list of the top ten for lease expensive auto insurance states.
This doesn’t mean its time to stop though, consumers should continue to search for the best deal for their dollar. The first step in doing that is staying up to date on what’s going on in the market!
I have been driving for 14 years, rely on Public Transportation 100% of the time to get to/from work, am a step 99 and have never once had a ticket or gotten in an accident. I just got my renewal in the mail from my current carrier to the tune of a double digit increase. I can’t help but feel I am still subsidizing the bad drivers!