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The Hanover Auto Insurance Company Profile
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The Hanover Insurance Group was founded in 1852 luring potential investors with the promise of cash dividends. This promise has been delivered on every year since 1852, and though the company has remained small, its stability as the same company through over a century and a quarter is something no other insurer can claim to have. The goal of being able to deliver dividends to investors every year is what makes the Hanover successful. With continual new investment it is able to upgrade not only its technology but also its workforce and coverage area. This also allows them to offer great discounts for first time policy holders as coverage through the years tends to have significant returns. While the Hanover has never been bought out, briefly the company did change its name to the Allamerica Financial Corporation, but as this had no positive or negative effect on their performance and thus, they reverted to the original name. The Hanover Group is combined moniker of both Hanover and Citizens Insurance. The Hanover Group has over 4,000 employees and processes over $200 million dollars in gross premiums per year.

Quick Facts for The Hanover Car Insurance

  • Founded : 1852
  • HQ : Worcester, Massachusetts, USA
  • Auto Insurance : YES
  • Health Insurance : NO
  • Life Insurance : NO
  • Fortune 500 : NO
  • **S&P Best Financial Strength : A-
  • **S&P Best Credit Strength : A-
  • *A&M Best Rating : AA-
  • ***J.D. Power Pricing Rating :
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  • J.D. Power Policy Offerings Rating :
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  • J.D. Power Overall Satisfaction Rating :
  • Customers Completely Satisfied % : N/R