“If (carriers) were able to charge what they want to charge for those drivers, the increase would be 50 percent,” she said. Murray hasn’t taken a position on the Wilkerson-Cabral measure, said spokesman Dave Falcone.īurnes says her safeguards will protect the worst drivers. “The governor has asked us to wait and see, and that’s what I’ll do,” he said. Let’s see what the reality is, instead of people speculating what this might be.”ĭiMasi said he supports Patrick’s program to bring in more competition, and noted that the new rules offer protections for inner-city drivers. “He has asked personally not to have anything done until we see what those rates are,” DiMasi said. Deval Patrick personally lobbied Senate President Therese Murray, as well as House Speaker Salvatore DiMasi, to not act on the measure before Monday’s rate filings, according to DiMasi. The bill nearly came to the floor of the Senate last Thursday, but Gov. Antonio Cabral, D-New Bedford, say those rules create loopholes, such as considering membership in a professional organization as a proxy for occupation, which insurers can use to set higher rates for low-income and poor people. Insurers are limited to considering a motorist’s experience and driving record as primary factors in setting rates.īut Sen. The current rules bar insurers from considering income, marital status, education, occupation, homeownership and credit scores when setting their rates. The filings will be closely watched on Beacon Hill, where some urban lawmakers are pushing a bill to significantly change the administration’s final set of rules. There will be better service because these companies are going to be competing for business.” Some companies offer accident forgiveness. “There’s this notion of pay as you drive.
We are already seeing some new products,” Burnes said. “I hope that we will see better rates for good drivers. Beginning today, companies will submit their proposed insurance products and rates to regulators, who will review them, before offering them to the public. Until now, Massachusetts was the only state where regulators, not the market, set car insurance rates. Insurance Commissioner Nonnie Burnes says there are safeguards built into the administration’s shift to “managed competition.” She’s imposed a rate-increase limit of 10 percent for motorists with the worst driving records.
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