Amica Mutual to Offer Discounted Rates and More Coverage Options in Massachusetts

Amica Mutual Insurance Company announced today that it has filed new, discounted rates with the Massachusetts Division of Insurance. Under the provisions of Amica’s rate filing, Massachusetts drivers will average a discount of 7.9%, with a significant number of drivers realizing a rate decrease in excess of 10%. This move is set to bring the car insurance industry to heights it has never been before

Amica Mutual Insurance Company announced today that it has filed new, discounted rates with the Massachusetts Division of Insurance. Under the provisions of Amica’s rate filing, Massachusetts drivers will average a discount of 7.9%, with a significant number of drivers realizing a rate decrease in excess of 10%.

This move is set to bring the car insurance industry to heights it has never been before. The expectation carries merit as the announcement was met with much optimism from all parties involved. It must be remembered that many Massachusetts-based drivers have been long clamoring for it. Amica Mutual Insurance Company thus is leaning on this warm response and is hoping to gain more support from consumers.

Amica Mutual Insurance Company announced today that it has filed new, discounted rates with the Massachusetts Division of Insurance. Under the provisions of Amica’s rate filing, Massachusetts drivers will average a discount of 7.9%, with a significant number of drivers realizing a rate decrease in excess of 10%.

The company also announced that it will offer more coverage options for insurance consumers.

Some of the provisions of Amica’s filing that benefit consumers include:

Excellent rates for safe drivers; A 10% multi-car discount; A multi-line discount of 2-10% (varies by number of lines); A 10% good student discount; and A loyalty discount for current insureds of 3-7% (varies by years insured) Amica will also introduce new coverages, such as Roadside Assistance, New Car Replacement coverage, and Auto Loan/Lease coverage. Amica will also offer additional deductible options for Comprehensive, Collision and Limited Collision.

The company plans to begin offering these discounts and coverages on new and renewal business beginning April 1, 2008.

“Amica is committed to rewarding good drivers with lower rates and has offered discounted rates to Massachusetts drivers since 1999,” said Robert A. DiMuccio, Amica’s President and Chief Executive Officer. “With the advent of managed competition, Amica will continue to create opportunities and flexibility for Massachusetts consumers seeking to meet their individual insurance needs at the best possible value.”

J.D. Power and Associates has ranked Amica Mutual "Highest in Customer Satisfaction Among National Auto Insurers" for eight consecutive years, and "Highest in Customer Satisfaction Among National Homeowner Insurers" for six years in a row.(a)

Amica Mutual Insurance Company, a direct writer and the nation's oldest mutual insurer of automobiles, was founded in 1907. The company has insured Massachusetts drivers since 1922, and currently insures over 81,000 households in the state. The company, with corporate headquarters in Lincoln, Rhode Island, is a national writer of automobile, homeowner, boat, yacht and personal umbrella liability insurance. Life coverage is available through Amica Life Insurance Company, a wholly owned subsidiary. For more information, call us at 1-800-242-6422 or visit www.amica.com.

(a) Amica received the highest numerical scores in the proprietary J.D. Power and Associates 2000-2007 National Auto Insurance Satisfaction StudiesSM. 2007 Study based on 16,012 responses from policyholders of 26 insurance carriers, who were surveyed from March-April 2007 about their experiences and perceptions. Amica received the highest numerical score in the proprietary J.D. Power and Associates 2002-2007 Homeowners Insurance StudiesSM. 2007 Study based on 10,903 responses from policyholders of 23 insurance carriers, who were surveyed from April-June 2007 about their experiences and perceptions. jdpower.com

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