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Mass. Division of Å˽ðÁ«´«Ã½Ó³»­ Approves 2 New Entrants to State’s Auto Å˽ðÁ«´«Ã½Ó³»­ Market

August 20, 2013

The Massachusetts Division of Å˽ðÁ«´«Ã½Ó³»­ announced that Privilege Underwriters Reciprocal Exchange (PURE) and Esurance automobile insurance are now available for Massachusetts consumers.

The Division of Å˽ðÁ«´«Ã½Ó³»­ said that since Gov. Deval Patrick introduced managed competition in the auto insurance market in 2008, 15 new insurers have entered the market, allowing consumers to shop for lower rates among the 34 insurance company groups now operating in the state.

“We welcome giving consumers and businesses more choices in purchasing insurance,” said Barbara Anthony, undersecretary at the Massachusetts Office of Consumer Affairs and Business Regulation. “Consumers can shop safely and drive with security because of the growing pool of established insurers.”

The Division of Å˽ðÁ«´«Ã½Ó³»­ said that under managed competition — which replaced the “fixed and established” system of insurance rate setting — companies can develop their own rating plans and offer an array of product benefits and discounts, including rewards for consumers who have incident-free driving records.

“The announcement of two new entrants to the Commonwealth’s automobile insurance market confirms that our drivers are enjoying even more choices and opportunities,” said Å˽ðÁ«´«Ã½Ó³»­ Commissioner Joseph Murphy.

“We welcome PURE and Esurance, and encourage consumers to consider these and the many other established insurers as they shop for insurance that fits their family’s needs and their household budget,” Commissioner Murphy said. The Division of Å˽ðÁ«´«Ã½Ó³»­ said PURE began writing automobile insurance in Massachusetts on May 4 and Esurance on July 19.

The following are the auto insurance companies currently writing private passenger automobile insurance in Massachusetts, as listed on the Division of Å˽ðÁ«´«Ã½Ó³»­ website:

• Allstate Å˽ðÁ«´«Ã½Ó³»­ Company/Esurance – New entrant since the managed competition began in 2008
• American Automobile Å˽ðÁ«´«Ã½Ó³»­ Company (Fireman’s Fund)
• Amica Mutual Å˽ðÁ«´«Ã½Ó³»­ Company
• Arbella Mutual Å˽ðÁ«´«Ã½Ó³»­ Company
• Bankers Standard Å˽ðÁ«´«Ã½Ó³»­ Company (ACE) – New entrant since 2008
• Chartis Å˽ðÁ«´«Ã½Ó³»­ Company – New entrant since 2008
• Citizens Å˽ðÁ«´«Ã½Ó³»­ Company of America (Hanover)
• Commerce Å˽ðÁ«´«Ã½Ó³»­ Company (MapFre)
• Electric Å˽ðÁ«´«Ã½Ó³»­ Company
• Encompass Å˽ðÁ«´«Ã½Ó³»­ Company of Massachusetts
• Farm Family Casualty Å˽ðÁ«´«Ã½Ó³»­ Company
• GEICO – New entrant since 2008
• Green Mountain Å˽ðÁ«´«Ã½Ó³»­ Company – New entrant since 2008
• Harleysville Å˽ðÁ«´«Ã½Ó³»­ Company – New entrant since 2008
• IDS Property Casualty Å˽ðÁ«´«Ã½Ó³»­ Company (Ameriprise) – New entrant since 2008
• Liberty Mutual Å˽ðÁ«´«Ã½Ó³»­ Company
• Massachusetts Homeland Å˽ðÁ«´«Ã½Ó³»­ Company (Tower)
• Metropolitan Property and Casualty Ins. Company
• National Grange Mutual Å˽ðÁ«´«Ã½Ó³»­ Company
• NGM Å˽ðÁ«´«Ã½Ó³»­ Company
• Norfolk & Dedham Mutual Fire Å˽ðÁ«´«Ã½Ó³»­ Company
• Occidental Å˽ðÁ«´«Ã½Ó³»­ Company – New entrant since 2008
• Peerless Å˽ðÁ«´«Ã½Ó³»­ – New entrant since 2008
• Plymouth Rock Assurance Corporation
• Praetorian Å˽ðÁ«´«Ã½Ó³»­ Company – New entrant since 2008
• Preferred Mutual Å˽ðÁ«´«Ã½Ó³»­ Company – New entrant since 2008
• Premier Å˽ðÁ«´«Ã½Ó³»­ Company of Massachusetts
• Progressive Direct Å˽ðÁ«´«Ã½Ó³»­ Company – New entrant since 2008
• PURE – New entrant since 2008
• Quincy Mutual Fire Å˽ðÁ«´«Ã½Ó³»­ Company
• Safeco Å˽ðÁ«´«Ã½Ó³»­ Company – New entrant since 2008
• Safety Å˽ðÁ«´«Ã½Ó³»­ Company
• State Farm Mutual Å˽ðÁ«´«Ã½Ó³»­ Company
• Travelers of Massachusetts
• United Services Automobile Association (USAA)
• Vermont Mutual Å˽ðÁ«´«Ã½Ó³»­ Company – New entrant since 2008

Topics Trends Carriers Auto Massachusetts Market

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