Q&A for 2008 Personal Auto Insurance

Q: What is “Managed Competition” Personal Auto Insurance?
A: Auto Insurance Companies competing for your business, but only allowed to use specific underwriting information approved by the commissioner of insurance.

Q: When will “Managed Competition” be available to MA drivers?
A: It will be available to auto policies with effective dates on or after April 1, 2008.  We will not be allowed to calculate these new rates until the March 5th release date.

Q: If my policy renews before 4/1/08, should I cancel and get a new policy after 4/1?
A: It depends on many things.  The law prohibits you from canceling with your existing insurance company in order to take advantage of the 4/1/08 rates.  If you cancel and insure with different company, there will be a short rate cancellation penalty which may offset any savings you gained by moving in the first place.  Call us to see if it makes sense.

Q: Will there be a big difference in premium from one company to another?
A: We have looked at the rate filings of all companies and the good news is that all are lower than last year.  Most companies are within a few percentage points of one another, but call us and we can compare the rates of the top five companies for you.

Q: Aside from price will there be any other differences?
A: Yes, many companies are adding coverage enhancements as well.  Roadside assistance- loan or lease gap coverage and accidental airbag deployment are just a few of the many enhancements being offered.  If you are looking at premium alone it can be very misleading.  Call our office to explain coverage and pricing differences.

Q: What types of new credits or discounts are available on my auto insurance?
A: Some credits or discounts include: account credit if we insure your home, condo or apt with the same company- good student credit to drivers under 24 ˝ with 3.0 or B average and above- hybrid vehicle credit- and more… Call us for details.

Q: Why choose an Independent Agent like SCI?
A: At SCI we have access to several excellent insurance carriers and we are better able to find the coverage and premium that meets your needs.