Current Statefam/Desjardines motorcycle insurance schedule - Sep 2018 | GTAMotorcycle.com

Current Statefam/Desjardines motorcycle insurance schedule - Sep 2018

Germax

Well-known member
Site Supporter
After My ZX6R got stolen I owed Statefarm 600 bux. I was curious about the math (monthly payments)
My agent was not allowed to share the monthly breakdown with me(!). I think they did not know it either.
I had to contact Complaint Liaison Office and they took few days to provide it.


Motorcycles, Mopeds and Scooters
% of the retained premium

January 0
February 0
March 5
April 10
May 10
June 20
July 20
August 20
September 10
October 5
November 0
December 0


Use during the summer months is heaviest and this generates additional premium for these months. Included, you will find the pro-rate chart which outlines the amount of premium that is charged during the months where a motorcycle is used the most. The period between March and October is considered the main usage months for motorcycles
(see diagram below).
.....................Mar. ............................Oct....................
|---------------[------------------------]----------------|
January .................... one - year term.................... January
As a result, the annual premium is pro-rated so that the premium is “used up” during this period
(summer). Full coverage however, is provided all year long.
 

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