Monday, November 19, 2007

Quincy Mutual's MA Auto Filing

Quincy Mutual Group has forwarded us the the highlights of their initial filing with the Division of Insurance today.
  • 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 additional discounts for steps 99 and 98.
  • The Multi Car discount will be increased 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.
  • A 5% discount will apply when a rated operator has completed an approved Advanced Driver Training Course.

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