On January 25, 2024, the Division of Insurance placed CAR's Private Passenger Residual Market rates on file for policies effective May 1, 2024 and later. On July 30, 2024, the Division of Insurance placed CAR's Private Passenger Residual Market increased limit factors and rates on file for policies effective November 1, 2024 and later. Pursuant to G.L. C. 175, §113H, these rates will be charged to consumers only in circumstances where these rates do not "exceed the premium charges, which would be used by each risk's Servicing Carrier for that risk if such risk were written on a voluntary basis."
Implementation Notes
Effective 5/1/2024 - 10/31/2024 Effective 11/1/2024
Rating Factors
Effective 5/1/2024 - 10/31/2024 Effective 11/1/2024
Effective 5/1/2024 - 10/31/2024 Effective 11/1/2024
Rate Pages - All Territories
Effective 5/1/2024 - 10/31/2024 Effective 11/1/2024
Effective 5/1/2024 - 10/31/2024 Effective 11/1/2024
Increased Limits
Effective 5/1/2024 - 10/31/2024 Effective 11/1/2024
Effective 5/1/2024 - 10/31/2024 Effective 11/1/2024
VRG Relativities by Model Year
VRG Relativities by Model Year
VRG Assignment By Price
VRG Assignment By Price
Stated Amount Divisor
Stated Amount Divisor
Stated Amount Rates
Stated Amount Rates