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USAA Has Announced Rate Cut

The San Antonio based auto insurance company United Services Automobile Association or USAA has announced a rate cut on their policies for Massachusetts residents. They say that their members will see roughly a 15% cut in their auto insurance rates starting next month.

The announcement comes in regards to a regulatory change that the Massachusetts Division of Insurance implemented last year that will allow private auto insurance companies to set their own rates. Prior to the passing of this change, the Insurance Commissioner set the auto insurance rates for all insurance companies for the past thirty years.

There are several companies implementing changes, so USAA is not the only one, but those that currently have their auto insurance through the company should be thrilled. The rate change will be implemented next Tuesday, April 1st.

Those that are due for renewal have already started seeing their renewal statements with the reduction noted on their bill. As annual auto insurance policies are renewed, consumers will continue to see rate cuts across the board.

The company says that this is just one of the “tangible benefits” in having a “competitive insurance market.” Fortunately for those that have auto insurance, they are the ones who truly benefit from it.




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