Why are there not many big auto insurance companies operating in Massachusetts?

Until a year or so ago, the auto insurance rates in Massachusetts were set by the state, and insurance companies were NOT allowed to refuse to write a policy for someone. The insurance companies were losing a ton of money in Massachusetts, and most pulled out decades ago. As of a few years ago, there were maybe SEVEN auto insurance companies writing in the state.

So, recent regulations have “opened” the market for pricing, so that insurance companies could charge their own rates. But most carriers have no faith, that Massachusetts won’t go back to the old way – making them sell insurance for way under the cost of claims – so aren’t going to go back into MA any time soon.

There are several small regional carriers in MA that do a great job – Amica, Hanover, Commerce, etc. You should probably talk to a local agent, who can give you multiple quotes at once.