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Plymouth Rock Assurance buys motorcycle insurance firm

Plymouth Rock Assurance finalized its purchase of Rider Insurance Co., which provides insurance coverage exclusively for powersports vehicles, the companies announced this week.

Based in Springfield, N.J., Rider Insurance sells insurance for motorcycles, ATVs and UTVs. Plymouth Rock Assurance writes and manages $1.4 billion in auto, motorcycle, and home insurance premiums across Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Pennsylvania.

Plymouth Rock announced in July that it would acquire Rider to gain a stronger foothold into the powersports industry and to market its auto and home insurance products to Rider customers.

“We look forward to focusing on the motorcycle insurance segment of the business and expanding our current product offerings,” said Gerry Wilson, president and chief executive of Plymouth Rock Management Company of New Jersey. “Plymouth Rock and Rider share a common history built on trust and reliability, and we’re excited to welcome a new group of customers and riding enthusiasts to Plymouth Rock.”

Financial terms of the acquisition were undisclosed.

Join us for Powersports Finance Summit 2019, October 23-24, at the Hilton San Diego Bayfront. At the Summit, lenders and dealers will have the opportunity to learn new information that will help their business grow, discuss the latest industry data and trends, and network to form new relationships with fellow attendees and vendors. Register now at www.powersportsfinance.net.

Matthew Wood

Matt Wood is the Associate Editor of PowerSports Finance, where he is responsible for covering all the latest news, trends, and innovations with powersports lenders and dealerships. Previously, Matt was a writer for Auto Finance News before switching full-time to PowerSports Finance. He is also an experienced entertainment news writer covering pop culture, movies, and TV shows. Matt received his Bachelor’s degree in Communication from Rowan University in New Jersey.

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