- Company to Offer Innovative Coverage Options, Expand Agency
Representation in Massachusetts -
WORCESTER, Mass., Nov. 19 /PRNewswire-FirstCall/ -- The Hanover Insurance Group, Inc. (NYSE: THG), a leading writer of auto, home and business insurance in Massachusetts, announced today that it has requested Division of Insurance approval to offer an enhanced auto product that will deliver highly- competitive prices and innovative coverage options not currently available in the marketplace.
In a rates and product filing submitted today, the company asked the Division of Insurance for approval to:
-- Reduce the cost of auto insurance by as much as 30 percent or more for
its best customers
-- Cut rates by 20 percent or more for approximately 25 percent, or about
40,000 of its customers
-- Cut the state's six-year surcharge period - during which drivers pay
penalties for at-fault accidents and moving violations as currently
mandated by the state - in half, to only three years
-- Offer several new coverage options, as well as new or enhanced
discounts and account credits that enable drivers to reduce their costs
beyond simple rate reductions
At the same time, the company announced that it will expand its presence in the state, adding more local independent insurance agents to its network.
"Contingent upon the division's approval, we will on April 1 offer
Massachusetts drivers the competitive rates and innovative products they
have earned," said Vinc
|SOURCE The Hanover Insurance Group, Inc.|
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