Tuesday, January 23, 2007

Auto insurance fraud crackdown finally pays off for Lawrence; Good drivers will see 25 percent cut in premiums

EagleTribune.com, North Andover, MA - Auto insurance fraud crackdown finally pays off for Lawrence; Good drivers will see 25 percent cut in premiums: "For most of the good drivers in the city once nicknamed 'the auto insurance fraud capital of Massachusetts,' it will cost about $435 less to insure their cars this year.

That's what actuaries of the Automobile Insurers Bureau of Massachusetts calculate for the city's 'average experienced driver' who paid $1,814.60 last year for a policy that included all standard coverages. For those who renew their policies on or after April 1, the 2007 premium would be, for the 'average experienced driver,' $1,378.99 - a 24 percent reduction.

AIB President Daniel Johnston calls it 'the pay off' for the city's unprecedented three-year crackdown on auto insurance fraud."

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