MA Auto Insurance:

Managed Competition Update

How will competitive auto insurance in MA affect you?

Beginning in April 2008, insurance companies will be able to set their own auto insurance rates within certain guidelines set by the Division of Insurance creating “managed competition”.

Insurance companies are now filing their individual rates and programs with the Division of Insurance, and the media is starting to report some details.  Keep in mind, however, that the media won’t be giving you all the details. 

What to expect from Murphy Insurance?

We continually strive to be your trusted advisor and provide you with the guidance and solutions necessary to protect your “whole” life.  Competitive auto insurance will be no different.  During this transition in the Massachusetts Insurance industry, there will be a lot of questions.   From us you can expect:

·         Information and honest answers.

·         Sound guidance and advice from a trusted source.

·         Competitive solutions because we work with 9 different auto insurance companies.

·         A focus on getting the best combination of coverage, price and service.

·         One stop shopping meaning we do the work for you.

·         Peace of mind knowing we’ll support you if you have a claim. 

Keep focused on the right combination of price and protection.

When listening to the media, please keep in mind that they can make broad generalizations about potential savings while looking at a very narrow situation.  All insurance companies tell us that auto insurance is going to have many more options, so such generalizations can set false expectations.  Keep in mind that an average is just an average. 

What’s next?

At this point, we are learning like everyone else what the insurance companies have filed and are working to organize and understand this information.  Because the insurance companies all have the ability to file amended rates within the next couple weeks…things could still change.  As the implementation date of April 1, 2008 approaches, we are working with all our carriers to determine how these changes will impact you.  In some instances, we may request additional information from you to assist us in helping you with your specific needs.  We’ll be in touch as this process is further clarified.

Don’t worry…you won’t have to go it alone.

We’re here to assist you and help make sense out of the confusion that many options can create.   Our trusted associates will take care of you.  Please let us know if we can be of assistance.