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| [March 28, 2008] |
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Electric Insurance Company Encourages Auto Insurance Consumers to Visit Its Website or Call for a Quote Before Visiting General Comparison Sites
BEVERLY, Mass. --(Business Wire)-- Electric Insurance announced today that it has launched its Massachusetts auto insurance website to help consumers shop for and save on auto insurance. Massachusetts consumers who first visit the Electric Insurance website www.electricinsurance.com/mass or call the company's toll-free Massachusetts number 1-877-877-0569, will receive the most accurate quote from the company. By contrast, general Massachusetts auto insurance comparison sites, such as the state's Division of Insurance's (DOI) new website (mass.gov/autorates), do not provide the level of detail to give a complete and accurate understanding of Electric Insurance's pricing structure.
"We recognize that these auto insurance comparison sites exist to give a basic example of what's available, but the drivers of Massachusetts should be interested in getting a complete picture of the discounts available through Electric Insurance," explains Marc Meiches, president and chief executive officer of Electric Insurance Company. "We encourage Massachusetts auto insurance consumers to go to our website www.electricinsurance.com/mass or call 1-877-877-0569 to get a complete and accurate auto quote."
Discounts available from Electric Insurance to Massachusetts auto insurance consumers, that may not be reflected in the DOI site, include:
-- Multi-car discount up to 15% for insuring more than one car with Electric Insurance Company, now including coverage to those households with company cars.
-- Low mileage discount to vehicles driven between 0-16,000 miles per year (previous cap was 7,500 miles per year).
-- 5% multi-policy discount for clients who also write their homeowners, renters or condo insurance with Electric Insurance.
-- "Automatic Vehicle Replacement Coverage" which is available to clients in the event of a covered total loss or a covered theft loss for any vehicle with an odometer reading at the time of loss of 7,500 original miles or less and purchased within the past six months.
-- Electric Insurance's exclusive GE discount for Massachusetts employees of General Electric.**
**The exclusive GE discount is where Electric Insurance got its start. Electric Insurance Company was incorporated in 1966 to provide personal insurance solutions to GE employees. Today, the company counts among its insured policyholders, nearly 50,000 GE employees and retirees, a significant population of which reside and work in Massachusetts.
"We've been in Massachusetts for 42 years writing auto and homeowners insurance for the people in this area, and we accordingly understand where the Massachusetts auto insurance market has been and the challenges facing it now and in the future," concludes Meiches. "We offer competitive rates, exceptional service, and local knowledge to the drivers of Massachusetts."
About Electric Insurance Company
Electric Insurance Company, a national, premier provider of personal lines insurance products offered at competitive rates and with outstanding customer service, has credit ratings of "A/Excellent" from A.M. Best and "A/Strong" from Standard & Poor's. 98% of Electric Insurance Company's policyholders, who responded to a 2007 satisfaction survey and had a claim with the company, said they'd renew their policy with Electric Insurance Company based on their claim experience. Electric Insurance Company's products are available to general consumers, and to GE employees, retirees, and their family and friends through the company's Customer Contact Center at 1-877-877-0569, website www.electricinsurance.com/mass, and through select, local independent agents.
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