Massachusetts opens first Allstate Insurance office in two and a half decades


The first office of Allstate Insurance in 25 years threw open its doors to the public on Monday, 1st October 2012. The first of three Allstate offices proposed for Massachusetts to start operations is located in North Andover. The two other proposed offices will become functional by the end of the current year. Chris Conner, the spokesperson for this auto insurance provider said that 2013 will witness the setting up of many more offices in Massachusetts. Speaking on Monday, Corner said that the opening on the office held special significance since Allstate did not have a presence in this city since 1987.

The opening of the Allstate offices in Massachusetts early this month is another proof to the fact that the competition in this region is heating up all over again after auto insurance was partially deregulated about 4 years ago. Some of the other auto insurance companies that already have their presence in this region are Progressive Insurance, Geico and many others.

Allstate insurance has been provided auto insurance coverage to the residents of Massachusetts over the last 36 months; however this was being done by using agents who were based out of neighboring states such as Rhode Island, Connecticut and New Hampshire. Considering the increasing number of drivers in this region who have shown an inclination towards buying auto insurance policies from Allstate, this insurance provider decided to start an office there is order to cater to the needs of their prospective clients.

All the offices of Allstate Insurance that will be setup in Massachusetts during this year and the next will be run and operated by independent contractors. The parent company will only allow these contractors to use their brand name and attract more number of customers. Auto insurance is not the only product that this insurance provider is planning to sell. The company will also offer various other policies such as the life insurance policy and financial products to see the money grow.

One of the largest companies of Allstate is located in Northbrook, Illinois and caters to over 16 million policy holders. However, in Massachusetts, this company has just conquered 1% of the market.