Allstate Insurance Co. wants to start selling car insurance in Massachusetts beginning this fall after a 20-year absence in the state. The nation's second-largest auto insurer, which yesterday filed proposed rates and policy forms requiring Division of Insurance approval, has targeted a Nov. 2 start.
The "You're in Acceptable Hands" aggregation is the 11th fresh insurer to administer to access the Massachusetts car allowance bazaar aback the accompaniment alien alleged managed antagonism in April 2008. Progressive jumped into the bazaar aftermost year.
Geico started affairs its car allowance to Bay Staters yesterday, afterwards announcement its intentions in March. And Pennsylvania's Harleysville Allowance is accepted to alpha operating locally this summer.
"The fresh changes that Massachusetts policymakers accept allowable acquiesce for abundant added of a aggressive mural here," said Brett Ludwig, agent for Northbrook, Ill.-based Allstate. "We anticipate it's a acceptable time to get aback into the market."
Allstate chock-full affairs car allowance in Massachusetts in the backward 1980s. "It was such an uncompetitive bazaar that we weren't able to profitably run the business," Ludwig said.
The insurer affairs to initially acquiesce Massachusetts consumers to shop for allowance through its Web site, 1-800-ALLSTATE, and Allstate agents in Connecticut, Fresh Hampshire and Rhode Island. But its ambition is to set up Allstate offices in the Bay State, Ludwig said.
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