Why are there not many big auto insurance companies operating in Massachusetts?

Why are there not many big auto insurance companies operating in Massachusetts?

I moved from NY and need to find an auto insurance company. AllState and State Farm are not doing business here. I don'-t want Geico or Mutual Liberty because of bad experience with them. Are the small local businesses reliable? Thank you.

FBI

Mass. has strange insurance regulations and only allows "managed competition" hence many companies don't want to do business there. Amica is big, as is Liberty Mutual (I hate them too).

mbrcatz

Until a year or so ago, the auto insurance rates in Massachusetts were set by the state, and insurance companies were NOT allowed to refuse to write a policy for someone. The insurance companies were losing a ton of money in Massachusetts, and most pulled out decades ago. As of a few years ago, there were maybe SEVEN auto insurance companies writing in the state.So, recent regulations have "opened" the market for pricing, so that insurance companies could charge their own rates. But most carriers have no faith, that Massachusetts won't go back to the old way - making them sell insurance for way under the cost of claims - so aren't going to go back into MA any time soon.There are several small regional carriers in MA that do a great job - Amica, Hanover, Commerce, etc. You should probably talk to a local agent, who can give you multiple quotes at once.Source(s):Former MA Agent

Mushu

Allstate now does business in MA. I work for a competitor and just handled a claim for one of our insureds who was involved in an accident with a MA Allstate customer.

Ask

insurance

Popular Q&A

What is the most popular and best auto insurance broker in NYC? Any recommendations? What is the advantage?
You will eventually find the answer by yourself. You should research patiently, and get quotes from different insurers -take your time. A used car, and a clean driving record will definitively help you have lower rates. I had to do a lot of research and estimates because my old car broke, so...

What auto insurance companies are currently appointing in Florida?
You will have to shop around as you do.Get a quote from insurers you get from yellow pages or from the web.

How much do you pay for auto insurance?
Try to check this out. An auto insurance company, i heard to offer good coverage.Source(s):http://californiahealthautoinsurance.com…

Cheapest car insurance for a minor?
The best thing to do would get an online quote that compares all the companies in your area. Check out http://www.auto-insurance-knowledge.com/…This will compare all companies, then give you the top companies who offer the cheapest rates. I did a rough estimate for you and got $1718 per year...

Insurance question? help urgently needed?
Every auto insurer in Ontario has rules about who they can insure and who they can't, and most standard insurers (aka the insurers with good rates) will not insure someone with two at-fault accidents in the last five years. So forget about Co-Operators as they will not take you back no matter...