Many auto insurance policies are offered on a 6-month basis, and the rates for those policies can sometimes change when the policy is renewed. To give its customers the advantage of having one policy rate for an entire year, The Hartford Financial Services Group, Inc. announced that it is offering 12-month policy terms on its Dimensions personal auto insurance program, which is available through the company’s independent agents.
New customers in 20 states and the District of Columbia will be eligible to purchase a year-long policy if they also insure their homes with a companion Dimensions homeowners policy, or plan to do so within six months of obtaining their auto insurance. This offering, which includes a premium discount on both policies.
Accoridng to Mike Concannon, senior vice president of personal lines for The Hartford, the 12-month polciies should help agents. “Very few of our competitors offer a 12-month policy term, so this feature will be something that can benefit our customers and give our agents one more reason to quote The Hartford,” he said.
For a limited time, the 12-month policy terms are being offered to all customers in the District of Columbia and the following 20 of 40 states where The Hartford’s original Dimensions auto plan is still available: Alabama, Colorado, Indiana, Idaho, Kentucky, Kansas, Louisiana, Maryland, Maine, Minnesota, Montana, Nevada, New Mexico, New York, North Dakota, Oklahoma, Pennsylvania, Tennessee, Virginia and Vermont.
In other states which have, or will be getting access to, a new version of the The Hartford’s Dimensions program — known as ‘Dimensions with Auto Packages’ — customers may also be eligible for 12-month policies. Eligibility will depend on which one of the program’s four available auto insurance packages they purchase.
Source: The Hartford