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Auto, Home, Business, Life, Health

Discounts: Account credit for personal auto policies

Receiving an Account Credit on your insurance policy seems straight forward – but it can be more complicated than just having more than one policy with the same company.  Not every company writes both home and auto policies in Massachusetts, so some get creative in making a policy eligible for some form of an Account Credit:

  • Arbella Insurance – 5% -10% discount
    • 10% One or more additional personal lines policies (not another auto policy) insured with Arbella.
    • 10% Have a Homeowner, Condo or Tenant policy with the Fair Plan, written through same agency.
    • 5% Have a Homeowner, Condo or Tenant policy with a company that does not write MA personal auto policies, written through same agency.
    • Inexperienced operators (less than 6 years driving experience) with a stand alone policy may qualify for an Account Credit if:
      • The parents’  policy has an Arbella Account Credit discount.
      • Inexperienced operator lives with their parents.
  • Commerce Insurance – 3% – 15% discount
    • Homeowner, Condo or Tenant policy with Commerce:
      • 15% Homeowner (All Risk)
      • 11% Homeowner
      • 9% Condo or Tenant
    • 5% Homeowner, Condo or Tenant policy with Other eligible carrier (specific list of companies provided by Commerce)
    • 3% Homeowner, Condo or Tenant policy with Fair Plan
    • If primary residence is not written with Commerce, Fair Plan or one of the companies on Commerce’s list of eligible carriers, an Underwriting Factor reduces the premium – credit is given for having a property policy somewhere.
  • Norfolk & Dedham 9.5% discount and automatically adds PersonalPak – Coverage Enhancement Endorsement to the auto policy, waiving the $25 annual charge.  Must have one of the following companion N&D policy types:
    • Homeowner
    • Condo
    • Tenant
    • Dwelling/Fire
    • Commercial Package
    • Commercial Property
    • Worker’s Compensation
  • Travelers Insurance 1% – 12% discount
    • Homeowner policy with…
      • Travelers & Single vehicle auto policy 7%
      • Travelers & Multiple vehicle auto policy 12%
      • Other Carrier & Single vehicle auto policy 4%
      • Other Carrier & Multiple vehicle auto policy 8%
    • Condo or Tenant policy with…
      • Travelers & Single vehicle auto policy 3%
      • Travelers & Multiple vehicle auto policy 5%
      • Other Carrier & Single vehicle auto policy 1%
      • Other Carrier & Multiple vehicle auto policy 2%
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