MASSACHUSETTS PRIVATE PASSENGER AUTOMOBILE INSURANCE PROGRAM RATE MANUAL. Edition Date: December 01, 2018

Transcription

1 MASSACHUSETTS PRIVATE PASSENGER AUTOMOBILE INSURANCE PROGRAM RATE MANUAL Edition Date: December 01, 2018

2 Rate Page Index Page Description 3 Rating Algorithm 4 Territory Definitions 8 Base Rate by Premium Town and Class 71 Liability Symbol Factor 73 Physical Damage Model Year/Symbol Factor 76 Stated Amount Divisor 77 Base Rate by Limit 78 Increased Limits Factor 79 Deductible Factors 80 Extra Risk Factor 81 Years Licensed Factor 82 Risk Factor 83 Underwriting Tier Factor 84 Driver to Vehicle Factor 86 Household Level Factor 87 Loyalty Plus Factor 144 Annual Mileage Discount & Factors 146 Multi-Car Discount 147 Account Discount 148 Shop Smart Credit 149 Welcome Back Credit 150 Marketing Partner Discount 151 Good Student Discount 152 Student Away From Home Discount 153 Smart Driver Discount 154 DriveAdvisor Discount 155 Clean in Three Discount 156 Class Merit Rating Adjustment 159 Auto Loan/Lease Coverage 160 Accident Forgiveness 161 Limited TNC Driver Endorsement 162 Paid in Full and Green (Pay Plan) Discounts 163 Commerce Elite Package Endorsement 163 Commerce Enhancer Package Endorsement 164 Fire Theft and Combined Additional Coverage 164 Excess Electronic Equipment 164 Original Equipment Manufacturer Parts 165 Motor Homes 166 Anitique Motor Cars 167 Trailers 168 Pick-Ups 2 Edition Date 12/18

3 Premium Calculation Rule (Rule 11) The term MAIP premium below refers to MAIP Rates effective 2/1/2018. Coverage Parts STEP Part 1 Part 2 Part 3 Part 4 Part 5 Part 6 Part 7 Part 8 Part 9 Part 10 Part 11 Part 12 Total 1 Base Rate by Territory Code and Class 2 Limited Collision Factor x 3 Liability/Model Year Symbol Factor x x x x x x x x 4 Base Rate by Limit 5 Increased Limits Factor x x x x 6 Deductible Factor * x x x x 7 Glass Deductible x 8 Waiver of Deductible + 9 Extra Risk Factor x x 10 Years Licensed Factor x x x x x x x x x x x x 11 Risk Factor x x x x x x x x x x x x 12 Underwriting Tier x x x x x x x x x x x x 13 Driver to Vehicle Factor x x x x x x x x x x x x 14 Household Level Factor x x x x x x x x x x x x 15 Loyalty Plus Factor x x x x x x x x x x x x 16 Annual Mileage Discount x x x x x x x x x 17 Annual Mileage Factor x x x x x x x x x 18 Multi-Car Discount x x x x x x x 19 Account Discount x x x x x x x x x x x x 20 Shop Smart Credit x x x x x x x x x x x x 21 Welcome Back Credit x x x x x x x x x x x x 22 Group Discount x x x x x x x x x x x x 23 Marketing Partner Discount x x x x x x x x x x x x 24 Good Student Discount x x x x x x x x x x x x 25 Student Away From Home Discount x x x x x x x x x x x x 26 Smart Driver Discount x x x x x x x x x x x x 27 DriveAdvisor Discount x x x x x x x x x x x x 28 Clean in Three Discount x x x x 29 Class 15 x x x x x x x x x x x x 30 Merit Rating Adjustment Subtotal Coverage Package Capping Factor 33 Sumproduct of Step 31 and Step MAIP Premium for selected Coverages in Coverage Package Capping Amount (Step 31)*min[(Step 34 divided by Step 33)- 35 1,0]*(Step 32) 36 New Subtotal (Step 31 +Step 35) 37 Auto Loan/Lease Coverage x x 38 Accident Forgiveness x x x x x x x x x x x x 39 Limited TNC Driver Endorsement x x x x x x x x x x 40 Paid In Full Discount & Green (Pay Plan) Discounts x x x x x x x x x x x x 41 Commerce Elite Package Endorsement + 42 Commerce Enhancer Package Endorsement + Coverage Premium * Formula if Deductible is $300 for parts 7 & 9: round [Base Rate from Step 1 * (Deductible Factor 1),0] + Step 3 Total Formula if Deductible is NIL or $300 for part 8: Deductible Charge + Step 3 Total 3 Edition Date 12/18

4 Territory Code Definitions Except for East Boston and South Boston, sections of cities and towns designated North, East, South, and West or with a prefix or suffix merely supplemental to the principal name (such as West Newton or Arlington Heights) are not separately listed (see principal designation). In some instances (such as North Andover) there are two distinct townships, Andover and North Andover, in which case both are listed. Counties are indicated by the Statistical Code Numbers as follows: Left Hand Digit County 0 Barnstable, Dukes, Nantucket, Plymouth 1 Berkshire 2 Bristol 3 Essex 4 Franklin, Hampden 5 Hampshire 6 Middlesex 7 Norfolk 8 Suffolk 9 Worcester City of Boston Motorcycle Auto Rating TerritoryCode/ Definition Territory Statistical Code BOSTON CENTRAL - (Zip Codes , , 02133, 02199, 02201, 02202, 02203, 02210, 02215, 02241) BRIGHTON - (Zip Codes 02134, 02135, 02163) CHARLESTOWN - EAST BOSTON - (Zip Codes , 02129) DORCHESTER - (North Dorchester and South 21* 819 Dorchester) - (Zip Codes 02122, 02124, 02125, 02126) EAST BOSTON - CHARLESTOWN - (Zip Codes , 02129) HYDE PARK - (Zip Codes 02136, 02137) JAMAICA PLAIN - (Zip Code 02130) ROSLINDALE - (Zip Code 02131)

5 ROXBURY - (Including parts of Dorchester) (Zip Codes 02119, 02120, 02121) SOUTH BOSTON - (Zip Code 02127) WEST ROXBURY (Zip Code 02132) The following list contains subdivisions of Boston with territorial schedules and statistical codes: Motorcycle Auto Rating TerritoryCode/ Name Territory Statistical Code Allston - (Brighton) Mattapan - (Dorchester - North) Readville - (Hyde Park) *A portion of postal zip code district falls in Hyde Park and should be rated as such. The correct border between South Dorchester and Hyde Park is as follows: Southeast, then East on Cummins Highway, Southwest on Rugby Road (1 block), Southeast on Greenfield Road, short stretch Southwest on River Street, Southeast on Mattakeeset St. to Neponset River. Border goes down the middle of these streets. The following list contains Out of State Territorial Schedules and Statistical Codes Motorcycle Auto Rating TerritoryCode/ Location Territory Statistical Code Connecticut Maine New Hampshire New York Rhode Island Vermont Other

6 Territory Code Definitions Motorcycle Auto Motorcycle Auto Motorcycle Auto Rating TerritoryCode/ Rating TerritoryCode/ Rating TerritoryCode/ Town Territory Statistical Code Town Territory Statistical Code Town Territory Statistical Code Abington 8 10 Gay Head-Aquinnah Newburyport Acton Georgetown Newton Acushnet Gill Norfolk Adams Gloucester North Adams Agawam Goshen North Andover Alford Gosnold North Attleboro Amesbury Grafton North Brookfield Amherst Granby North Reading Andover Granville Northampton Arlington Great Barrington Northborough Ashburnham Greenfield Northbridge Ashby Groton Northfield Ashfield Groveland Norton Ashland Hadley Norwell 3 41 Athol Halifax 5 70 Norwood Attleboro Hamilton Oak Bluffs Auburn Hampden Oakham Avon Hancock Orange Ayer Hanover 4 33 Orleans Barnstable 5 21 Hanson 5 34 Other Barre Hardwick Otis Becket Harvard Oxford Bedford Harwich 1 55 Palmer Belchertown Hatfield Paxton Bellingham Haverhill Peabody Belmont Hawley Pelham Berkley Heath Pembroke 6 42 Berlin Hingham 4 12 Pepperell Bernardston Hinsdale Peru Beverly Holbrook Petersham Billerica Holden Phillipston Blackstone Holland Pittsfield Blandford Holliston Plainfield Bolton Holyoke Plainville Boston Central Hopedale Plymouth 7 14 Bourne 4 50 Hopkinton Plympton 6 71 Boxborough Hubbardston Princeton Boxford Hudson Provincetown Boylston Hull 9 35 Quincy Braintree Huntington Randolph Brewster Hyde Park Raynham Bridgewater 6 11 Ipswich Reading Brighton Jamaica Plain Rehoboth Brimfield Kingston 4 36 Revere Brockton 45 2 Lakeville 5 37 Rhode Island Brookfield Lancaster Richmond Brookline Lanesborough Rochester 3 43 Buckland Lawrence Rockland 9 15 Burlington Lee Rockport Cambridge Leicester Roslindale Canton Lenox Rowe Carlisle Leominster Rowley Carver 7 30 Leverett Roxbury Charlemont Lexington Royalston Charlton Leyden Russell Chatham Lincoln Rutland Chelmsford Littleton Salem Chelsea Longmeadow Salisbury Cheshire Lowell Sandisfield Chester Ludlow Sandwich 3 60 Chesterfield Lunenburg Saugus Chicopee Lynn Savoy Chilmark Lynnfield Scituate 6 44 Clarksburg Maine Seekonk Clinton Malden Sharon Cohasset Manchester by-the-sea Sheffield Colrain Mansfield Shelburne Concord Marblehead Sherborn Connecticut Marion 3 38 Shirley Conway Marlborough Shrewsbury Cummington Marshfield 7 39 Shutesbury Dalton Mashpee 5 85 Somerset Danvers Mattapoisett 3 40 Somerville Dartmouth Maynard South Boston Dedham Medfield South Hadley Deerfield Medford Southampton Dennis 3 52 Medway Southborough Dighton Melrose Southbridge Dorchester Mendon Southwick Douglas Merrimac Spencer Dover Methuen Springfield Dracut Middleborough 6 13 Sterling Dudley Middlefield Stockbridge Dunstable Middleton Stoneham Duxbury 3 31 Milford Stoughton East Boston / Charlestown Millbury Stow East Bridgewater 6 32 Millis Sturbridge East Brookfield Millville Sudbury East Longmeadow Milton Sunderland Eastham Monroe Sutton Easthampton Monson Swampscott Easton Montague Swansea Edgartown Monterey Taunton Egremont Montgomery Templeton Erving Mt. Washington Tewksbury Essex Nahant Tisbury Everett Nantucket Tolland Fairhaven Natick Topsfield Fall River Needham Townsend Falmouth 3 54 New Ashford Truro 1 86 Fitchburg New Bedford Tyngsborough Florida New Braintree Tyringham Foxborough New Hampshire Upton Framingham New Marlborough Uxbridge Franklin New Salem Vermont Freetown New York Wakefield Gardner Newbury Wales

7 Territory Code Definitions Motorcycle Auto Rating TerritoryCode/ Town Territory Statistical Code Walpole Waltham Ware Wareham 8 16 Warren Warwick Washington Watertown Wayland Webster Wellesley Wellfleet Wendell Wenham West Boylston West Bridgewater 8 45 West Brookfield West Newbury West Roxbury West Springfield West Stockbridge West Tisbury Westborough Westfield Westford Westhampton Westminster Weston Westport Westwood Weymouth Whately Whitman 8 17 Wilbraham Williamsburg Williamstown Wilmington Winchendon Winchester Windsor Winthrop Woburn Worcester Worthington Wrentham Yarmouth

8 Base Rate by Premium Town and Class The Commerce Insurance Company Part 1 - Compulsory Bodily Injury Premium Rate Class Town , , Edition Date 12/18

9 Base Rate by Premium Town and Class The Commerce Insurance Company Part 1 - Compulsory Bodily Injury Premium Rate Class Town , , , , , , Edition Date 12/18

10 Base Rate by Premium Town and Class The Commerce Insurance Company Part 1 - Compulsory Bodily Injury Premium Rate Class Town , , , , , Edition Date 12/18

11 Base Rate by Premium Town and Class The Commerce Insurance Company Part 1 - Compulsory Bodily Injury Premium Rate Class Town , , , , Edition Date 12/18

12 Base Rate by Premium Town and Class The Commerce Insurance Company Part 1 - Compulsory Bodily Injury Premium Rate Class Town , , , , , , , , Edition Date 12/18

13 Base Rate by Premium Town and Class The Commerce Insurance Company Part 1 - Compulsory Bodily Injury Premium Rate Class Town , , , , , , , , , , , , , , , , , , , , , Edition Date 12/18

14 Base Rate by Premium Town and Class The Commerce Insurance Company Part 1 - Compulsory Bodily Injury Premium Rate Class Town , , , , , , , Edition Date 12/18

15 Base Rate by Premium Town and Class Part 2 - Personal Injury Protection Premium Rate Class Town Edition Date 12/18

16 Base Rate by Premium Town and Class Part 2 - Personal Injury Protection Premium Rate Class Town Edition Date 12/18

17 Base Rate by Premium Town and Class Part 2 - Personal Injury Protection Premium Rate Class Town Edition Date 12/18

18 Base Rate by Premium Town and Class Part 2 - Personal Injury Protection Premium Rate Class Town Edition Date 12/18

19 Base Rate by Premium Town and Class Part 2 - Personal Injury Protection Premium Rate Class Town Edition Date 12/18

20 Base Rate by Premium Town and Class Part 2 - Personal Injury Protection Premium Rate Class Town Edition Date 12/18

21 Base Rate by Premium Town and Class Part 2 - Personal Injury Protection Premium Rate Class Town Edition Date 12/18

22 Base Rate by Premium Town and Class Part 3 - Uninsured Motorist Premium Rate Class Town

23 Base Rate by Premium Town and Class Part 3 - Uninsured Motorist Premium Rate Class Town

24 Base Rate by Premium Town and Class Part 3 - Uninsured Motorist Premium Rate Class Town

25 Base Rate by Premium Town and Class Part 3 - Uninsured Motorist Premium Rate Class Town