Tuesday, November 20, 2007

Safety Insurance : Highlights of Auto Rate Filing

Letter to agents:

Safety Insurance, an A.M. Best "A" rated company, is please to announce that we have submitted a Private Passenger Automobile rate filing that offers your customerss up to a 25% rate decrease beginnning April 1, 2008.

Approximately 85% of all drivers will see a rate decrease. Of those drivers experiencing rate increases, less than 1% could see the maximum allowable increase of 10%. Safety's rate filing will provide your agency with an extremely competitive private passenger automobile product that includes the following:
  • Account Discount of 10% for automobile policy holders who have another policy with us for any other line of business written by Safety
  • Multi-Car discount of 10%
  • Loyalty/Renewal Discount of up to 5% for policyholders who maintain continuous coverage with Safety.
  • Merit Rating Plan enhancements: Increase SDIP step 99 credit from 17% to 25% and increase SDIP step 98 credit from 7% to 15%
  • The "Safety Shield", a broad coverage enhancement endorsement. Some of Safety Shield's features include a disappearing collision deductible, guaranteed replacement cost, extended substitute transportation and air bag mechanical failure.
  • Auto Loan/Lease Gap coverage endorsement

We will also offer on April 1, 2008, a combined billing option for your policyholders that wish to have all their Safety Insurance policies combined onto a single bill.

In addition, we will be filing enhancements to our other products to give our agents a superior offering of auto, home and business insurance products for your customers. And of course, Safety is dedicated to ensure that our agents and their customers receive the highest standard of service.

1 comment:

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