Massachusetts H1124 modifies automobile insurance premium adjustments for at-fault accidents.
Massachusetts H1124 amends the General Laws to change how automobile insurance premiums are adjusted after a driver's first at-fault accident. The bill reduces the maximum number of accidents considered for premium adjustments from five to three. Additionally, it limits the upward premium adjustment for the first at-fault accident to 35% of the existing premium. This change aims to provide more predictable and potentially lower premium increases for drivers involved in at-fault accidents.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.