Travelers of Massachusetts offers key discounts for those driving
environmentally-friendly vehicles
WORCESTER, Mass.--(BUSINESS WIRE)--May 22, 2008--Massachusetts
drivers are increasingly going green as the number of registered
hybrid vehicles in the state has increased by 36 percent during the
past nine months. The timing couldn't be better for those drivers as
the state's new managed competition system for auto insurance allows
them, for the first time in state history, to take advantage of auto
insurance discounts created especially for hybrid drivers from
insurers such as Travelers of Massachusetts.
According to the state Registry of Motor Vehicles, there are
currently 22,353 registered hybrid cars in Massachusetts, up from
16,477 in July of 2007, for an increase of 36 percent. Hybrid cars are
generally defined as vehicles that use gasoline and an alternative
fuel source such as electric or fuel cell.
Travelers introduced the hybrid discount option to stay ahead of
one of the fastest-growing markets in the industry. Providing the
right insurance solutions that are in-synch with today's
environmentally conscious individuals is one way Travelers of
Massachusetts is meeting the needs of its customers.
"Travelers of Massachusetts is pleased to offer a discount up to
10 percent on auto insurance to Massachusetts' hybrid drivers," said
Dick Welch, president of Travelers of Massachusetts. "Ever since
Travelers wrote the nation's first automobile policy back in 1897, the
company has been committed to meeting the evolving needs of the
consumer with innovative insurance products. Protecting the
environment and conserving natural resources are important principles
to us and Travelers of Massachusetts is proud to do our part to
encourage the use of fuel efficient vehicles."
To learn more about the hybrid discount, Travelers has launched a
Web site specifically for hybrid enthusiasts at
www.hybridtravelers.com. The site features federal and state
incentives for hybrid owners and information on how to take advantage
of the hybrid discount.
Travelers of Massachusetts is the "umbrella" brand name for
all personal insurance policies issued by a Travelers company in
Massachusetts. Homeowners policies are written by The Phoenix
Insurance Company, The Travelers Indemnity Company, The Standard Fire
Insurance Company, and The Travelers Commercial Insurance Company.
Auto policies are written by The Premier Insurance Company of
Massachusetts, an independent, single-state subsidiary of The
Travelers Indemnity Company. For more information, visit
www.travelersma.com.
About Travelers
Travelers understands that life and business are inherently
dynamic and that the best way to serve agents, brokers and
policyholders is to deliver insurance that evolves to stay in-synch
with life and business as they change. For more information on being
in-synch, visit www.travelers.com.
The Travelers Companies, Inc. (NYSE: TRV) is a leading property
casualty insurance company selling primarily through independent
agents and brokers. The company's diverse business lines offer its
global customers a wide range of insurance coverage in both the
personal and commercial settings, including auto, homeowners,
construction, small business, oil and gas, ocean marine, surety and
management liability, global technology and public sector services.
Travelers is a Fortune 100 company, with 2007 revenues of $26 billion
and total assets of $115 billion. The company has approximately 33,000
employees.
CONTACT: The Travelers Companies, Inc.
Media:
Matt Bordonaro, 860-277-7014
or
Sheila Trauernicht, 860-277-7461
SOURCE: The Travelers Companies, Inc.