Overview
Automobile
insurance is a significant, legally mandated household expense, without which
consumers place their financial security and livelihood at risk.
Under the
guise of “fixing the system”, many auto insurers along with and
some lawmakers launched a campaign to dump our regulated insurance rate
setting process for a largely unregulated one.
MASSPIRG opposes efforts
to eliminate our hard fought consumer protections. Deregulating the
system will result in higher rates over the long term, higher rates in
the short term for urban and younger drivers, insurers using unrelated
factors to driving to set rates (marital status, education, type of job, and
credit scores to name just a few), and failure to address the real cause of our
high rates---our highest-in-the-nation accident rate.
