Electric Insurance Company - Massachusetts

Electric Insurance Company, a national provider of auto insurance, homeowners, condominium, and renters insurance, announced that the Massachusetts Division of Insurance has approved Electric Insurance’s new rate structure, discounts and base rates for use beginning April 1, 2008.

Under the rate filing, Massachusetts customers of Electric Insurance will experience an average rate decrease of 9%, while some could experience up to a 30% rate decrease, and none will experience a rate increase greater than 10%.

Discounts and Product Enhancements

Electric Insurance Company will provide Massachusetts consumers the following new discounts and product enhancements, including:

• Increased multi-car discount of 15% for insuring more than one car with Electric Insurance Company.
• Multi-car discount to households with company cars, in addition to a personal auto.
• Expanded low mileage discount to vehicles driven up to 16,000 miles per year.
• New 5% multi-policy discount for policyholders who also write their homeowners, renters, or condo insurance with Electric Insurance.
• “Automatic Vehicle Replacement Coverage” available at no additional cost to policyholders 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.
• Continued offering of the GE exclusive discount for Massachusetts employees of General Electric.