The Massachusetts Division of ÈȵãºÚÁÏ announced that Privilege Underwriters Reciprocal Exchange (PURE) and Esurance automobile insurance are now available for Massachusetts consumers.
The Division of ÈȵãºÚÁÏ 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 ÈȵãºÚÁÏ 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 ÈȵãºÚÁÏ 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 ÈȵãºÚÁÏ 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 ÈȵãºÚÁÏ website:
• Allstate ÈȵãºÚÁÏ Company/Esurance – New entrant since the managed competition began in 2008
• American Automobile ÈȵãºÚÁÏ Company (Fireman’s Fund)
• Amica Mutual ÈȵãºÚÁÏ Company
• Arbella Mutual ÈȵãºÚÁÏ Company
• Bankers Standard ÈȵãºÚÁÏ Company (ACE) – New entrant since 2008
• Chartis ÈȵãºÚÁÏ Company – New entrant since 2008
• Citizens ÈȵãºÚÁÏ Company of America (Hanover)
• Commerce ÈȵãºÚÁÏ Company (MapFre)
• Electric ÈȵãºÚÁÏ Company
• Encompass ÈȵãºÚÁÏ Company of Massachusetts
• Farm Family Casualty ÈȵãºÚÁÏ Company
• GEICO – New entrant since 2008
• Green Mountain ÈȵãºÚÁÏ Company – New entrant since 2008
• Harleysville ÈȵãºÚÁÏ Company – New entrant since 2008
• IDS Property Casualty ÈȵãºÚÁÏ Company (Ameriprise) – New entrant since 2008
• Liberty Mutual ÈȵãºÚÁÏ Company
• Massachusetts Homeland ÈȵãºÚÁÏ Company (Tower)
• Metropolitan Property and Casualty Ins. Company
• National Grange Mutual ÈȵãºÚÁÏ Company
• NGM ÈȵãºÚÁÏ Company
• Norfolk & Dedham Mutual Fire ÈȵãºÚÁÏ Company
• Occidental ÈȵãºÚÁÏ Company – New entrant since 2008
• Peerless ÈȵãºÚÁÏ – New entrant since 2008
• Plymouth Rock Assurance Corporation
• Praetorian ÈȵãºÚÁÏ Company – New entrant since 2008
• Preferred Mutual ÈȵãºÚÁÏ Company – New entrant since 2008
• Premier ÈȵãºÚÁÏ Company of Massachusetts
• Progressive Direct ÈȵãºÚÁÏ Company – New entrant since 2008
• PURE – New entrant since 2008
• Quincy Mutual Fire ÈȵãºÚÁÏ Company
• Safeco ÈȵãºÚÁÏ Company – New entrant since 2008
• Safety ÈȵãºÚÁÏ Company
• State Farm Mutual ÈȵãºÚÁÏ Company
• Travelers of Massachusetts
• United Services Automobile Association (USAA)
• Vermont Mutual ÈȵãºÚÁÏ Company – New entrant since 2008
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