Attorney General Tom Reilly will seek at least a ten percent cut in the state's auto insurance rate later this month.
BOSTON (AP) - Reilly tells The Associated Press that auto insurers enjoyed hefty profits at the expense of drivers last year and it's time for drivers to recover some of the money.
The Automobile Insurers Bureau of Massachusetts is seeking only a point-one percent rate cut for drivers next year.
The industry is suggesting the small rate cut for the first time in recent memory, citing declining claims in part because of anti-fraud campaigns.
Reilly says those recommendations would only translate into a dollar savings on the average car insurance policy.
The A-G's recommendation would return a least 100-dollars to car owners.
He plans to submit his preliminary findings today at the annual public hearing on car insurance rates.
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