Increase to Accident Surcharge Thresholds Limits Effective July 1, 2015

July 17, 2015||inPersonal Insurance|auto accident, auto insurance, commercial auto insurance, personal insurance, premiums, surcharge limits

On July 17, 2015, Governor Baker signed the Massachusetts 2016 State Budget resulting in an increase to the minor and major thresholds for surchargeable accidents.

This is great news for Massachusetts drivers as it could save significant money if you’re involved in an at-fault accident. 

Increase to Accident Surcharge Thresholds Limits Effective July 1, 2015
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With outside the budget item, Section 14, surviving the budget process, the threshold for minor accidents is now $1,001+ (up from $500) and the threshold for major accidents is now $5,001+ (up from $2,001).

Given that the cost of repairing vehicles has risen steadily, even extremely limited damage could easily exceed the previous thresholds. The new thresholds provide drivers with some relief in the application of surcharge points if they are at fault for an accident.

The change in thresholds is effective as of July 1, 2015. No further action is required on this outside budget item, which is now a law.

See our previous blog: Massachusetts Senate Attempts to Increase Accident Surcharge Threshold Limits 

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