You may be wondering why Boston, MA auto insurance rates are so high, even compared to most other states. There are a few different reasons for this. The cost of living in Massachusetts and especially Boston is extremely high. This means higher costs for auto repairs, medical expenses, etc...
Boston official says auto insurance rates should be cut DiMarzio says drop in thefts argues against proposed hike in premiumsTina Cassidy, Globe Staff
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Afternoon rush hour traffic on the Jamaicaway in Boston in March.Lane Turner/Globe Staff The cost of auto insurance in Massachusetts has soared by almost 38 percent since the beginning of 2022, climbing at a pace that is more than double the already elevated rate of consumer inflation for...
What stages of the insurance value chain are at risk right now, what stages will be affected over the next year or two, and in what stages are insurance carriers well positioned to compete? Regulations. Given recent regulatory decisions, how will the changing regulatory environment,...
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He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable. Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge ...
Nationally, drivers spend nearly 3 percent of their annual income insuring their cars on average. Drivers in New York, which has the highest true cost of auto insurance in the country according to our study, spend even more, doling out more than 5 percent of their annual income to insure ...
So, what does this all have to do with car insurance—the reason we’re all here today?It’s simple: Car insurance may not be mandatory but it can save you from financial ruin. Car damage and medical bills can add up, and that’s not a situation anyone wants to be in. If you’...