Allstate to Re-enter Massachusetts Auto Insurance Market

NORTHBROOK, Ill.--(BUSINESS WIRE)--Allstate Insurance Company (NYSE:ALL - News) today filed rates and policy forms with the Massachusetts Division of Insurance to re-enter the Massachusetts auto insurance market. The move marks Allstate’s return to the Bay State after a long hiatus. Allstate has targeted November 2, 2009 as its “open-for-business” date.

Massachusetts auto insurance customers will have the opportunity to select from Allstate’s innovative Your Choice Auto® suite of auto insurance products. Your Choice Auto® offers consumers a wide spectrum of coverages and prices to fit their needs.

Massachusetts policymakers have recently adopted positive changes that make the insurance market more competitive. The recent changes set a new direction, giving insurers greater flexibility in how they serve customers and compete for business in the market.

“People are looking for value and choice,” said George Ruebenson, President of Allstate Protection. “As a company with a solid reputation and a national presence, Allstate will provide Massachusetts consumers with additional automobile insurance choices from an established insurance provider.”

Massachusetts consumers will have the option of contacting one of Allstate’s participating exclusive agencies in Connecticut, New Hampshire and Rhode Island, calling 1-800-ALLSTATE or visiting Allstate.com to purchase Allstate auto insurance. Additional information about Allstate’s auto insurance products can be found at www.allstate.com.

The Allstate Corporation (NYSE:ALL - News) is the nation’s largest publicly held personal lines insurer. Widely known through the “You’re In Good Hands With Allstate^®” slogan, Allstate is reinventing protection and retirement to help individuals in approximately 17 million households protect what they have today and better prepare for tomorrow. Customers can access Allstate products and services such as auto insurance and homeowners insurance through approximately 14,700 exclusive Allstate agencies and financial representatives in the U.S. and Canada, or in select states at allstate.com and 1-800 Allstate^®. Encompass^® Insurance brand property and casualty products are sold exclusively through independent agents. The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity, banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers. Customers can also access information about Allstate Financial Group products and services at myallstatefinancial.com.