Amica Mutual Lowers 2005 Massachusetts Auto Rates; Action Taken in Light of Romney Administration Reform Efforts

LINCOLN, R.I.--Jan. 1, 20054, 2005--Amica Mutual Insurance Company announced today that it will lower its Massachusetts automobile insurance rates in 2005, due to strong reform efforts being put forth by Governor Mitt Romney's administration and specifically by Massachusetts Insurance Commissioner Julianne Bowler. Amica has filed with the Massachusetts Division of Insurance to deviate downward from the state-set rates, asking to offer a 5 percent downward deviation for Step 9 drivers and an additional 5 percent downward deviation for these drivers with multiple car policies.

"Commissioner Bowler has demonstrated that she is serious about fixing the anti-competitive automobile insurance system that has existed for years within the Massachusetts marketplace," said Thomas A. Taylor, Amica President and Chief Executive Officer. "We are in turn incorporating her work in bringing positive change to consumers, and our 2005 deviation filings reflect the anticipated savings that will come with the administration's willingness to see through the reform effort."

Eligible drivers would realize a savings of up to 10 percent off the state set rates. For example, a two car household with an average premium of $2,000 could realize a savings of approximately $200 on annual premiums. Amica also offers discounts on other lines of personal insurance, including homeowners.

Amica Mutual Insurance Company, the nation's oldest mutual insurer of automobiles, was founded in 1907. The company has insured Massachusetts drivers since 1922, and currently insures nearly 75,000 households in the state. The company, with corporate headquarters in Lincoln, Rhode Island, is a national writer of automobile, homeowner, condominium, renter, boat, yacht, and personal umbrella liability insurance. Life coverage is available through Amica Life Insurance Company, a wholly owned subsidiary. Amica employs more than 3,100 people in 41 offices across the country. For more information, visit www.amica.com.

J.D. Power and Associates has ranked Amica Mutual "Highest in Customer Satisfaction Among National Auto Insurers" for five consecutive years, and "Highest in Customer Satisfaction Among National Homeowner Insurers" for three years in a row.(1)

(1) J.D. Power and Associates 2000-2004 National Automotive Insurance Satisfaction Studies(SM). 2004 study based on responses from 13,944 automotive insurance policyholders. J.D. Power and Associates 2002-2004 National Homeowners Insurance Studies(SM). 2004 study based on responses from 12,335 homeowner insurance policyholders residing in the United States. www.jdpower.com