Quincy Mutual's Letter to Agents

To: Quincy Mutual Agents November 27, 2007

MASSACHUSETTS AUTO FILING

Last week we provided you an outline of our filing for policies effective April 1, 2008. As details of the industry’s rate changes began to appear, we were quite pleased that Quincy Mutual would be offering one of the most competitive automobile programs next year. Our overall rate decrease of 10% is one of the best and was the lowest of any agency writing company. We look forward to having you and your customers take advantage of the good news.

Today represents an additional opportunity for all carriers to amend their original filing and we suspect several carriers will do so. We will not amend the rate portion of the filing we submitted. We have, however, filed to expand our Customer Loyalty Credit by applying the discount on new business where we currently have an existing Quincy homeowners policy or when the insured is in the Fair Plan. A new benefit, Replacement Cost Coverage for new vehicles, is also being filed today for a new vehicle involved in a total loss within the first 12 months and with less than 15,000 miles.

Filing Highlights:

Overall 10% rate decrease

Adoption of a revised Class Plan which further breaks out years of driving experience for those previously in the Class 10 category, offering a greater discount to the most experienced operators.

While maintaining the structure of the SDIP program we will provide an additional 3% discount for steps 99 and 98.

The Multi Car discount will be increased from 5% to 10%.

A “Customer Loyalty Credit” is available to selected classes of business: A 4% discount for renewal policyholders where we have had their automobile coverage for at least one year. A 4% credit is available to new business where we have had a homeowners policy (all forms) in force for at least one year, or where you have placed the home in the Fair Plan.

A 5% discount will apply when a rated operator has completed an approved Advanced Driver Training Course.

Replacement Cost for new vehicles involved in a total loss within the first 12 months and with less than 15,000 miles.

Placing your customers with Quincy Mutual will be the right choice. Our history of superior service, over 60 years as an A+ rated company, and our commitment to Massachusetts makes us a logical partner to grow your business. Please accept our deep appreciation for your continuing support and our best wishes during this holiday season.

Kevin M. Meskell
Executive Vice President