Under the new managed competition system in Massachusetts, the average rate reduction for 19 auto insurers is will be 7.8 percent for April 2008 policies, an official said last night.
Insurance Commissioner Nonnie Burnes announced that 18 of the state's 19 auto insurers had submitted amended rate filings for policies with April 2008 effective dates.
The average rate change filed for seven companies decreased from a drop of 4.8 percent to 7 percent, Ms. Burnes statement noted.
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