In anticipation of our forthcoming Multi-variate rate application (effective 12-1-11) Frankenmuth Insurance is rolling out a series of discount modifications affecting base rates among all vehicle types. Each of the following alterations will be effective Sept. 1, 2011. The net effect of these changes is a 4.6% rate increase and an overall reduction in discounts.
Specifically, discounts have been adjusted with regard to the following:
· Passive Restraints
· Superior Risk
· Auto Theft
· Anti-lock Brake System (ABS)
· Multi-policy Discount
· Insurance Score
It is important you also be aware adjustments have also been made regarding:
· Vehicle Age Relativities
· Symbol Relativities
· PIP Limit factors
To verify specific changes to the aforementioned adjustments, please check the Rule & Rate Guide located within Agency Services. Also, please be advised, we are continuing to monitor the renewal premium cap and make changes as necessary.
As always, we appreciate your continued loyalty to Frankenmuth Insurance.
