Amica Mutual Offers Enhanced Discounts on 2006 Massachusetts Auto Rates.LINCOLN, R.I. -- Amica Mutual Insurance Amica Mutual Insurance is a mutual insurance company founded in 1907 and located in Lincoln, Rhode Island offering primarily auto, home, and life insurance. The company is licensed in 49 US states with most business concentrated in the Northeastern United States, Florida, Texas, Company announced today that it has filed with the Massachusetts Division of Insurance to deviate downward from state-set rates, asking to offer a 15 percent multi-car credit for vehicles assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. a driver qualifying for the new Excellent Driver Discount Plus classification of the Safe Driver Plan. The standard multi-car credit is five percent. The enhanced multi-car discount for safe drivers reflects the expected favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. loss experience for this class of business and the continuing reforms being made to the automobile insurance residual market mechanism. "Amica has offered discounted rates since 1999, and we are committed to rewarding good drivers with lower rates," said Robert A. DiMuccio, Amica's President and Chief Executive Officer. "In addition, Massachusetts Insurance Commissioner Julianne M. Bowler has remained serious about fixing the anti-competitive automobile insurance system that has existed for years within the Massachusetts marketplace. Our 2006 filing incorporates the anticipated savings that will come with the administration's resolve to see through the reform effort." Eligible drivers would realize a savings of approximately 10 percent off the state-set rates. For example, a two-car household with an average premium of $2,000 could realize a savings of approximately $200 on annual premiums. Amica also offers discounts on other lines of personal insurance, including homeowners. J.D. Power and Associates has ranked Amica Mutual "Highest in Customer Satisfaction Among National Auto Insurers" for six consecutive years, and "Highest in Customer Satisfaction Among National Homeowner Insurers" for four years in a row.(a) Amica Mutual Insurance Company, the nation's oldest mutual insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. of automobiles, was founded in 1907. The company has insured Massachusetts drivers since 1922, and currently insures nearly 78,000 households in the state. The company, with corporate headquarters in Lincoln, Rhode Island Lincoln is a town in Providence County, Rhode Island, United States. The population was 20,898 at the 2000 census. Lincoln is located in northeastern Rhode Island, and is north of Providence. , is a national writer of automobile, homeowner, condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. , renter, boat, yacht yacht: see motorboating; sailing. yacht Sail- or motor-driven vessel used for racing or recreation. The term is popularly applied to large recreational engine-powered boats; the sailboats known as yachts and used for racing are usually light and , and personal umbrella liability insurance. Life coverage is available through Amica Life Insurance Company, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . Amica employs more than 3,000 people in 41 offices across the country. Amica operations in the commonwealth of Massachusetts employ 316 insurance professionals dedicated exclusively to the Massachusetts market. For more information, visit www.amica.com. (a) J.D. Power and Associates 2000-2005 National Automotive Insurance Satisfaction Studies(SM). 2005 Study based on responses from 15,272 automotive insurance policyholders. J.D. Power and Associates 2002-2005 National Homeowners Insurance Satisfaction Studies(SM). 2005 Study based on responses from 9,040 homeowner insurance policyholders. www.jdpower.com |
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