Massachusetts Bay Auto Insurance Review

Massachusetts Bay Auto Insurance has longevity on its side. It is an insurance company that had its start in 1852 as one of the first auto insurance companies in the United States. Hanover Insurance Group acquired Massachusetts Bay Auto Insurance and made it a part of a larger insurance group. Massachusetts Bay Auto Insurance was having a very good run on its own, but being a part of Hanover Insurance Group is even better for this insurance company.

Enter your ZIP code and you will receive several auto insurance quotes for FREE!

A Very Rare Distinction

Hanover Insurance Group and its other branches, such as Massachusetts Bay Auto Insurance have the rare distinction of being one company that has received an increase in its grade from three credit ratings agencies. A.M. Best, Standard & Poor’s and Moody’s all increased Hanover Insurance Group’s credit rating after the beginning of the year 2008, a very rare event in this country. Currently, A.M. Best has given the Hanover Group the grade of A for financial solvency.

How Massachusetts Bay Is Different from Smaller Companies

As can be imagined, Massachusetts Bay Auto Insurance has ample assets at its disposal. With a grade of A from A.M. Best and an increase in their grading from all three credit ratings agencies, clients of Massachusetts Bay Auto Insurance are not likely to experience what some people have known with smaller insurance companies. If the financial climate becomes difficult and several people have filed claims at the same time, some people were left without having their bills paid.

Massachusetts Bay Auto Insurance clients are unlikely to be charged high premiums because the company is having financial difficulties, which is something that happens when insurance companies are suffering in a difficult economic climate.

Massachusetts Bay Auto Insurance, on the other hand, has a surplus of $41,538,416.

Low Premiums Does Not Mean a Low Level of Service

Massachusetts Bay Auto Insurance is also not going to be the type of insurance company that charges its clients a very low premium just to lure new customers. Some insurance companies that do this are unable to pay the claims that are filed because they are not as financially solvent as this company. Clients can be assured that the low premiums they may be charged by this company will not prevent them from receiving payment when it is due. 

Discounts Offered by Massachusetts Bay

Massachusetts Bay Auto Insurance will be able to charge lower premiums because it goes out of the way to bring the cost of its auto insurance down with discounts. Clients can qualify for discounts by:

• Signing up for premium payment electronically for $50 off
• Presenting a good driving record
• Insuring more than one vehicle with the company
• Insuring their homes and their automobiles with the company

Commercial Auto Insurance Policies

Massachusetts Bay Auto Insurance has insurance products for businesses as well as personal purposes. The commercial auto insurance policy covers the company’s vehicles, but it also has the capacity to cover the entire garage and those that perform services. If these businesses require more liability insurance than their basic policies allow, they have the option of purchasing the umbrella coverage offered by Massachusetts Bay.

Personal Auto Insurance Policies

Personal auto insurance with Massachusetts Bay Auto Insurance includes liability and several types of optional coverage. People can even add several uncommon types of coverage to their policies, such as payment for home care services, insurance in the event that a pet is injured on a trip and coverage for non-owned vehicles.

As with the commercial policies, Massachusetts Bay’s personal auto insurance customers have the option of increasing their liability coverage with an umbrella policy. The increase can be anywhere from $1 million to $5 million that will pay for the legal defense, the amount awarded to the plaintiffs and the court’s costs.

Receive several FREE auto insurance quotes just by entering your zip code!

Comparing quotes means that people have the potential to find the most affordable auto insurance they need for their businesses as well as their personal needs. By neglecting to do this, they may pay too much for their auto insurance. A comparison search is easy to do and will be over in minutes. Then, people can purchase their insurance and go back to important business matters and their personal lives.