"State Farm, the nation's largest auto and home insurer, announced last week that it will enter the Massachusetts market - breaking into a field dominated by local and regional insurers. State Farm, headquartered in Bloomington, Illinois, filed an intent to enter the Massachusetts Marketplace with plans to begin availability in early 2027. The insurance company currently offers a limited portfolio of auto and life products to existing customers who move to the state."
"As of Sept. 2, State Farm says it has about 22,000 personal auto and about 10,000 homeowners policies in the state. "We see tremendous opportunity to meet customer needs and serve more customers in more ways," a company spokesperson told Boston.com. "So, we have begun filings in the state and are in the early stages of this process." State Farm, known for its " Jake From State Farm " ads,"
State Farm filed an intent to enter the Massachusetts market with plans to offer products beginning in early 2027. The company currently provides a limited set of auto and life products to existing customers who move to the state and holds about 22,000 personal auto and 10,000 homeowners policies as of Sept. 2. A company spokesperson said filings have begun and cited opportunity to serve more customers. State Farm reports over 19,400 agents and 67,000 employees serving more than 91 million policies and accounts. Massachusetts home insurance is currently dominated by regional carriers, led by Mapfre/Commerce.
Read at Boston.com
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