As we continue to refine our auto and home product pricing to better address ever evolving market conditions we are announcing the following changes:

Insurance Score Reband

Effective 4/1/12 for auto and 5/1/12 for home we modified our Insurance Score discount tiers.  Previously we only had up to 10 tiers and now we are incorporating 26 tiers.  Auto policies that renewed 4/1/12 and after and Homeowner policies that renewed 5/1/12 and after have renewed within the new tiering structure.  This will improve our ability to more adequately price our renewal business.

Personal Auto

An overall rate change of 2.9% has been taken effective 4/1/2012.  This includes base rate changes in addition to the new insurance score structure.

Homeowner

An overall rate change of 6.8% has been taken effective 5/1/2012.  This includes base rate changes in addition to the new insurance score structure.

Additionally, as of 5/1/12, Agent’s Binding Authority for Home New Business requires a minimum $1,000 deductible.

As we continue to move forward through 2012, your continued loyalty to Frankenmuth Insurance is greatly appreciated.  As always, should you have any questions, comments or concerns, please feel free to contact your Underwriter or me.