WEBSTER, MA (May 30, 2018) – MAPFRE Insurance was recently recognized with the prestigious ValChoice® award for #1 Best Value for auto insurance in the Commonwealth of Massachusetts. The company received a score of 92 out of 100 in ValChoice’s analysis for the 2016/2017 award. Only one company in each state is selected for the annual ValChoice #1 Best Value Award, and the winner is determined based on a quantitative analysis of unbiased data from each state’s department of insurance regarding customer service, claims handling and value.
“Our mission is to build relationships based on trust,” said Patrick McDonald, CEO, Northeast Region, MAPFRE Insurance. “We are the largest private passenger automobile, homeowners’ and commercial automobile insurer in Massachusetts because we continually strive to provide the highest quality products and exceptional customer service.”
“The ValChoice Best Value Award is the most objective in the industry. I founded ValChoice to bring transparency to the insurance industry and help consumers find the protection and value they deserve from the insurance they must buy,” said Dan Karr, Founder and CEO of ValChoice. “It’s great to see MAPFRE Insurance, headquartered locally in Webster, Massachusetts, achieving such excellence in service, claims handling and value. The level of excellence MAPFRE Insurance has achieved is something in which both the company, and the communities they serve, can take great pride.”
Link to Massachusetts recognition:
ABOUT MAPFRE INSURANCE
MAPFRE Insurance, rated “A” (Excellent) by A.M. Best Company, serves policyholders in 19 states across the United States through a network of more than 5,000 independent agents and brokers. MAPFRE Insurance is the 19th largest provider of personal automobile insurance and the 20th largest personal lines insurer in the United States. MAPFRE Insurance is also the largest private passenger automobile insurer, homeowners’ insurer and commercial automobile insurer in Massachusetts. MAPFRE Insurance provides a full range of insurance products, including coverage for automobiles, homes, motorcycles, watercraft and business. MAPFRE Insurance is part of the MAPFRE Group.
MAPFRE is a global insurance company with a worldwide presence. It is the benchmark insurer in the Spanish market and the largest Spanish multinational insurance group in the world. The company is the main multinational insurer in Latin America and is among the Top 5 largest Non-Life European insurers by premium volume. MAPFRE employs more than 36,000 professionals globally and in 2017 MAPFRE’s revenues surpassed $34 billion, and net earnings were above $850 million.
ValChoice® is the only company to provide consumers, agents and advisors with information on which home and auto insurance companies offer the best value: price, protection (claims handling) and service. The company’s analytics platform collects and analyzes millions of financial and complaint data points and delivers the results in an easy-to-use service that Forbes Magazine describe as “Carfax for insurance.” Using ValChoice, consumers are finally able to shop for insurance based on value rather than making decisions blindly based on price or advertising campaigns.
Linda Johnson, Assistant Vice President