So what happens to everyone that is with them already with SS?
Will they get renewed or will they just not let them renew?
|
New Rules:
No longer write Super Sports unless model is 16yrs or prior
(previously they would surcharge them)
Driving Records are now 0,1,2,3
(previously they had 0 or other)
Offerin 6 installments for payment
(previously was 4)
New Age Categories 30-34, 35-39, 40-44, 45-49, 50 % over
(previously was 30-39 and 40 & over)
So what happens to everyone that is with them already with SS?
Will they get renewed or will they just not let them renew?
2001 CBR F4i
" they say at 100mph water feels like concrete ,so you can imagine what concrete feels like " - Nicky Hayden
If your renewal is after May 15th it will be cancelled. A letter will be sent out to advise you of the non-renewal.
wholey ****, i just signed on with jevco.
Z though, not technically a SS...I HOPE
gotta say, i love the 6 payments...leaves me alot better off for the fall/winter months...not having to pay.
It will likely be:
0 -- 00MO - 12MO of experience
1 -- 12MO - 24MO of experience
2 -- 24MO - 36MO of experience
3 -- 36MO+ of experience
It used to be:
0 -- 00MO - 12MO of experience
1 -- 12MO+ of experience
This more refined segmentation is good news for experienced riders (since their premium should come down a little) but bad news for inexperienced riders (since their premium will likely increase anywhere from a little to not-so-little). The experienced riders will not be subsidizing the inexperienced riders as much.
I'm an Actuarial Analyst for a Major Canadian Insurance Company. I analyse claims patterns to determine overall rate changes, as well as relative premium differences by various risk characteristics (eg. age, experience, claims, convictions, usage, etc.)
Unless it's private, please post insurance-related questions in the forum rather than sending me a PM.
Current: 2001 Suzuki GSXR1000 (4th Season)
Previous: 1996 Honda VFR750F (4 Seasons)
Previous: 1998 Kawasaki Ninja EX250 (3 Seasons)
I'm an Actuarial Analyst for a Major Canadian Insurance Company. I analyse claims patterns to determine overall rate changes, as well as relative premium differences by various risk characteristics (eg. age, experience, claims, convictions, usage, etc.)
Unless it's private, please post insurance-related questions in the forum rather than sending me a PM.
Current: 2001 Suzuki GSXR1000 (4th Season)
Previous: 1996 Honda VFR750F (4 Seasons)
Previous: 1998 Kawasaki Ninja EX250 (3 Seasons)
From the standard 30-34 its as follows
35-39 - 4%
40-44 - 12%
45-49 - 12%
50&over - 8%
does the FZ6 counts as a sport or standard?
My Rides:
2005 Yamaha R6 (Sold)
Looking for a 125 or 250
I'm an Actuarial Analyst for a Major Canadian Insurance Company. I analyse claims patterns to determine overall rate changes, as well as relative premium differences by various risk characteristics (eg. age, experience, claims, convictions, usage, etc.)
Unless it's private, please post insurance-related questions in the forum rather than sending me a PM.
Current: 2001 Suzuki GSXR1000 (4th Season)
Previous: 1996 Honda VFR750F (4 Seasons)
Previous: 1998 Kawasaki Ninja EX250 (3 Seasons)
My apologies. These are the discount rates using the base rate of 30~34 age group
Don`t know how this works .But Echelon renewal was $1400 and jevco is $1048.
I'm an Actuarial Analyst for a Major Canadian Insurance Company. I analyse claims patterns to determine overall rate changes, as well as relative premium differences by various risk characteristics (eg. age, experience, claims, convictions, usage, etc.)
Unless it's private, please post insurance-related questions in the forum rather than sending me a PM.
Current: 2001 Suzuki GSXR1000 (4th Season)
Previous: 1996 Honda VFR750F (4 Seasons)
Previous: 1998 Kawasaki Ninja EX250 (3 Seasons)
I guess that only leaves state farm for new drivers. Maybe td. Glad I'm not a new driver but do feel bad for guys who want to drive with a 250 or even 125 butl have to pay arm and leg.
oh goodie, last year my renewal wasn't too bad, altho i still think it's high for a 250. Can't wait to see what it's going to be this year
does this include the 250r? I just renewed the other day and I'd like to have another company lined up if they're gonna cancel on me
Insurance has gone up for 2 years in a row and I have a clean record lol fuuuuu
250R are not considered a SS. Jevco would not cancel you based on that bike
Bookmarks