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BOSTON, Nov. 19 -- Safety Insurance (NASDAQ: SAFT), an A.M. Best “A” rated company, is pleased
to announce that today we have submitted a Private Passenger Automobile rate filing
that offers automobile policyholders up to a 25% rate decrease beginning April 1, 2008.
Approximately 85% of all drivers will see a rate decrease. Of those drivers experiencing
rate increases, less than 1% could see the maximum allowable increase of 10%. Safety's rate
filing will provide you with an extremely competitive private passenger automobile product that
includes the following:
- Account Discount of 10% for automobile policyholders who have another policy with us
from any other line of business written by Safety.
- Multi-Car discount of 10%.
- Loyalty/Renewal Discount of up to 5% for policyholders who maintain continuous coverage with Safety.
- Merit Rating Plan enhancements:
- Increase Excellent Driver Plus (SDIP step 99) credit from 17% to 25%
- Increase Excellent Driver (SDIP step 98) credit from 7% to 15%
- The “Safety Shield”, a broad coverage enhancement endorsement.
Some of Safety's Shield's features include:
- Disappearing Collision deductible
- Guaranteed Replacement Cost
- Extended Substitute Transportation
- Air Bag Mechanical Failure
- Auto Loan/Lease Gap coverage endorsement
Safety Insurance will also offer a combined billing option on April 1, 2008 for
policyholders that wish to have all their Safety insurance policies combined
onto a single bill.
In addition, Safety Insurance will be filing enhancements to our other products to give
you a superior offering of auto, home and business
insurance products. And of course, Safety is dedicated
to providing you with the highest standard of service.
About Safety Insurance
Safety Insurance was founded in 1979 with a belief that it would succeed as a company
if customers were given the best possible service. A leading provider of property
and casualty insurance in Massachusetts, Safety Insurance is the second largest
writer of private passenger automobile, and the third largest writer of commercial
automobile insurance in Massachusetts. Safety Insurance offers a portfolio of other
personal line insurance products, including, homeowners, dwelling fire, and personal
umbrella. In addition, Safety Insurance also offers commercial lines insurance products
including, business owner policies, commercial package policies, and commercial
umbrellas. Sold exclusively through a network of professional independent agents,
Safety Insurance provides agents with state-of-the-art tools that make it easy to
service and protect their customers. Safety Insurance has consistently received
an "A" rating from A.M. Best.
Please visit our website at: http://www.SafetyInsurance.com.
For more information, contact:
George Murphy, Vice President, Marketing
Safety Insurance
617-951-0600 x3053
GeorgeMurphy@SafetyInsurance.com
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