March 3, 2008
Auto Insurers Race To Be Cheapest
By Matthew L. Brown
Quincy-based Arbella Insurance Group , which has an office in Worcester, has joined the race for the lowest auto insurance rates with a series of discounts for everything from airbags to advanced driver training.
The state's new "managed competition" system allows auto insurers to set their own rates.
Arbella, the third-largest auto insurer in the state, said it could cut rates for policy holders with discounts including five percent for using Arbella for both auto and homeowners insurance; five percent for insuring more than one vehicle with Arbella and five percent for advanced driver training for young drivers, among other discounts.
The agency said it expects about 75 percent of its auto policy holders to get "significant rate cuts" through the system of discounts this year.
The state's new "managed competition" system allows auto insurers to set their own rates.
Arbella, the third-largest auto insurer in the state, said it could cut rates for policy holders with discounts including five percent for using Arbella for both auto and homeowners insurance; five percent for insuring more than one vehicle with Arbella and five percent for advanced driver training for young drivers, among other discounts.
The agency said it expects about 75 percent of its auto policy holders to get "significant rate cuts" through the system of discounts this year.
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