Homeowners and Automobile Insurance Premium Request

STATE OF MARYLAND MARYLAND INSURANCE ADMINISTRATION 525 St. Paul Place, Baltimore, Maryland 21202-2272 To: Select Property and Casualty Insurers Re: Homeowners Insurance Premium Request Private Passenger Automobile Insurance Premium Request Date: January 30, 2004 Bulletin: Property and Casualty Bulletin 04-2 ***************************************************************************** Pursuant to §19-112 of the Insurance Article, the Maryland Insurance Administration (“MIA”) hereby requests each property and casualty insurer to provide information related to homeowners insurance premiums and private passenger automobile (“PPA”) insurance premiums. This information is necessary for the MIA to publish premium comparison guides for consumers. Submit annual premiums effective as of February 1, 2004, based on the scenarios shown on the enclosed “Homeowners Premium Scenarios” and “PPA Premium Scenarios” for each designated zip code/county. Provide the requested premium information in the Excel spreadsheet formats shown on the enclosed “Homeowners Excel Format” and “PPA Excel Format”. In order to expedite this process, email transmission is mandatory. No paper documents will be accepted. If unable to email, please send the information on a CD or diskette to: Linas Glemza, Actuarial Analyst Property & Casualty Unit Maryland Insurance Administration 525 St Paul Place Baltimore, MD 21202 ROBERT L. EHRLICH, JR. GOVERNOR MICHAEL S. STEELE LIEUTENANT GOVERNOR ALFRED W. REDMER, JR. COMMISSIONER xpedite this process, email transmission is mandatory. No paper documents will be accepted. If unable to email, please send the information on a CD or diskette to: Linas Glemza, Actuarial Analyst Property & Casualty Unit Maryland Insurance Administration 525 St Paul Place Baltimore, MD 21202 ROBERT L. EHRLICH, JR. GOVERNOR MICHAEL S. STEELE LIEUTENANT GOVERNOR ALFRED W. REDMER, JR. COMMISSIONER Property and Casualty Bulletin 04-2 Page 2 If you have any questions, please contact Cathy Ruppel, Insurance Analyst, by phone at (410) 468-2316, by fax at (410) 468-2306, or by email at cruppel@mdinsurance.state.md.us. Or, contact Linas Glemza at (410) 468-2044, or by email at lglemza@mdinsurance.state.md.us. Please provide this information no later than February 20, 2004. __________________________________________ Alfred W. Redmer, Jr. Insurance Commissioner Enclosures: Homeowners Premium Scenarios Homeowners Excel Format PPA Premium Scenarios PPA Excel Format Property and Casualty Bulletin 04-2 Page 3 Homeowners Excel Format All data must start in cell A2 of the spreadsheet. PLEASE use headers. Below lists the columns in which the data must be placed. The placement of data must conform to this or the submission will be returned. The data must be placed in the following columns: Column Description (A) NAIC Group Code (B) NAIC Company Code (C) Effective Date of rates (mm/dd/yyyy) for New Business (D) NAIC Company Name (NOT NAIC GROUP NAME) (E) LEAVE BLANK (F) Category of Risk (can vary by scenario). See page 1 of the Homeowners Premium Scenarios. 1 - if Preferred/Better than average risk 2 - if Standard/Average risk 3 - if Non-Standard/Below average risk (G) Scenario Code 1 through 6 as defined in the Homeowners Premium Scenarios Effective Date of rates (mm/dd/yyyy) for New Business (D) NAIC Company Name (NOT NAIC GROUP NAME) (E) LEAVE BLANK (F) Category of Risk (can vary by scenario). See page 1 of the Homeowners Premium Scenarios. 1 - if Preferred/Better than average risk 2 - if Standard/Average risk 3 - if Non-Standard/Below average risk (G) Scenario Code 1 through 6 as defined in the Homeowners Premium Scenarios. For Each scenario code: (H) Annual Premium for zip code 21401 (I) Annual Premium for zip code 21218 (J) Annual Premium for zip code 21030 (K) Annual Premium for zip code 21157 (L) Annual Premium for zip code 21701 (M) Annual Premium for zip code 21014 (N) Annual Premium for zip code 20855 (O) Annual Premium for zip code 20769 (P) Annual Premium for zip code 20650 (Q) Annual Premium for zip code 21801 Requirements: 1) ALL ENTRIES MUST IN NUMERIC FORMAT, except for Column (D). 2) Fill Columns (H) through (Q) with N/A if rates are not available for the scenario. 3) For the Premiums, use numeric format (zero decimal places). Please round off to whole numbers. DO NOT USE Currency format. 4) Everything must be on one spreadsheet page. Property and Casualty Bulletin 04-2 Page 4 PPA Excel Format All data must start in cell A2 of the spreadsheet. PLEASE use headers. Below lists the columns in which the data must be placed. The placement of data must conform to this or the submission will be returned. The data must be placed in the following columns: Column Description (A) NAIC Group Code (B) NAIC Company Code (C) Effective Date of rates (mm/dd/yyyy) for New Business (D) NAIC Company Name (NOT NAIC GROUP NAME) (E) Insert an asterisk (*) if credit history is used in rating, otherwise, leave blank. (F) Category of Risk (can vary by scenario). See page 1 of the PPA Premium Scenarios. 1 - if Preferred/Better than average risk 2 - if Standard/Average risk 3 - if Non-Standard/Below average risk (G) Scenario Code (1 through 6) As defined in the PPA Premium Scenarios Company Name (NOT NAIC GROUP NAME) (E) Insert an asterisk (*) if credit history is used in rating, otherwise, leave blank. (F) Category of Risk (can vary by scenario). See page 1 of the PPA Premium Scenarios. 1 - if Preferred/Better than average risk 2 - if Standard/Average risk 3 - if Non-Standard/Below average risk (G) Scenario Code (1 through 6) As defined in the PPA Premium Scenarios. For each scenario code: (H) Annual Premium for zip code 21401 (I) Annual Premium for zip code 21218 (J) Annual Premium for zip code 21030 (K) Annual Premium for zip code 21157 (L) Annual Premium for zip code 21701 (M) Annual Premium for zip code 21014 (N) Annual Premium for zip code 20855 (O) Annual Premium for zip code 20769 (P) Annual Premium for zip code 20650 (Q) Annual Premium for zip code 21801 Requirements: 2) ALL ENTRIES MUST IN NUMERIC FORMAT, except for Column (D) and (E). 2) Fill Columns (H) through (Q) with N/A if rates are not available for the scenario. 3) For the Premiums, use numeric format (zero decimal places). Round off to whole numbers. DO NOT USE Currency format. 4) Everything must be on one spreadsheet page. 1 Homeowners Premium Scenarios Provide premiums, effective February 1, 2004, based on the attached scenarios and instructions for each designated zipcode (county, city/town) by February 20, 2004. Provide the requested information in the Excel spreadsheet format as shown on the enclosed “Homeowners Excel Format”. Provide annual premiums for the insurer’s rating territory that most closely corresponds to the county/city or to the zip code designated for that county/city. Provide the total policy premium for each rating scenario for the noted geographic locations. Provide coverage under Special Form HO-3. Dollar values indicated in the scenarios are “insured for” values. If Special Form HO-3 is not offered by the company, than report rates for the company’s most comparable coverage. Explain the details of the substitution. Attach an addendum if necessary /city. Provide the total policy premium for each rating scenario for the noted geographic locations. Provide coverage under Special Form HO-3. Dollar values indicated in the scenarios are “insured for” values. If Special Form HO-3 is not offered by the company, than report rates for the company’s most comparable coverage. Explain the details of the substitution. Attach an addendum if necessary. If your company has multiple tiers, determine tier placement by the information provided in the rating scenarios. If a scenario does not provide sufficient information for tier placement, place the subject of the scenario in the middle or standard tier. Calculate the homeowners, condominium, and renters premiums without applying any discounts or surcharges. Water & Sewer Endorsement: Provide a rate for coverage for water damage pursuant to §19-201. Please round off to whole dollars. Scenarios 1 – 4: Homeowners Policy Scenarios Rate all Scenarios using 1 to 2 Family Units Zip Code / County Scenario 1 Scenario 2 Scenario 3 Scenario 4 21401 - Anne Arundel Home Value - 160,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 250,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 250,000 Masonry Best Protection Class Replacement Cost - Contents $1,000 - Deductible Water & Sewer Endorsement $300,000 Liability Home Value – 375,000 Frame Best Protection Class Replacement Cost - Contents $1,000 – Deductible Water & Sewer Endorsement $300,000 Liability e Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 250,000 Masonry Best Protection Class Replacement Cost - Contents $1,000 - Deductible Water & Sewer Endorsement $300,000 Liability Home Value – 375,000 Frame Best Protection Class Replacement Cost - Contents $1,000 – Deductible Water & Sewer Endorsement $300,000 Liability 2 Zip Code / County Scenario 1 Scenario 2 Scenario 3 Scenario 4 21218 - Baltimore City Home Value - 55,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 100,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 100,000 Masonry Best Protection Class Replacement Cost - Contents $1,000 - Deductible Water & Sewer Endorsement $300,000 Liability Home Value – 200,000 Frame Best Protection Class Replacement Cost - Contents $1,000 – Deductible Water & Sewer Endorsement $300,000 Liability 21030- Baltimore Co Home Value - 160,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 250,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 250,000 Masonry Best Protection Class Replacement Cost - Contents $1,000 - Deductible Water & Sewer Endorsement $300,000 Liability Home Value - 375,000 Frame Best Protection Class Replacement Cost - Contents $1,000 – Deductible Water & Sewer Endorsement $300,000 Liability 21157 - Carroll Home Value - 120,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 200,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 200,000 Masonry Best Protection Class Replacement Cost - Contents $1,000 - Deductible Water & Sew - Carroll Home Value - 120,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 200,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 200,000 Masonry Best Protection Class Replacement Cost - Contents $1,000 - Deductible Water & Sewer Endorsement $300,000 Liability Home Value - 350,000 Frame Best Protection Class Replacement Cost - Contents $1,000 – Deductible Water & Sewer Endorsement $300,000 Liability 21701 - Frederick Home Value -118,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 200,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 200,000 Masonry Best Protection Class Replacement Cost - Contents $1,000 - Deductible Water & Sewer Endorsement $300,000 Liability Home Value - 300,000 Frame Best Protection Class Replacement Cost - Contents $1,000 – Deductible Water & Sewer Endorsement $300,000 Liability 21014 - Harford Home Value - 130,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 225,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 225,000 Masonry Best Protection Class Replacement Cost - Contents $1,000 - Deductible Water & Sewer Endorsement $300,000 Liability Home Value - 325,000 Frame Best Protection Class Replacement Cost - Contents $1,000 – Deductible Water & Sewer Endorsement $300,000 Liability Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 225,000 Masonry Best Protection Class Replacement Cost - Contents $1,000 - Deductible Water & Sewer Endorsement $300,000 Liability Home Value - 325,000 Frame Best Protection Class Replacement Cost - Contents $1,000 – Deductible Water & Sewer Endorsement $300,000 Liability 3 Zip Code / County Scenario 1 Scenario 2 Scenario 3 Scenario 4 20855 - Montgomery Home Value - 225,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 375,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 375,000 Masonry Best Protection Class Replacement Cost - Contents $1,000 - Deductible Water & Sewer Endorsement $300,000 Liability Home Value - 450,000 Frame Best Protection Class Replacement Cost - Contents $1,000 – Deductible Water & Sewer Endorsement $300,000 Liability 20769 - Prince George's Home Value - 173,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 275,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 275,000 Masonry Best Protection Class Replacement Cost - Contents $1,000 - Deductible Water & Sewer Endorsement $300,000 Liability Home Value - 400,000 Frame Best Protection Class Replacement Cost - Contents $1,000 – Deductible Water & Sewer Endorsement $300,000 Liability 20650 St otection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 275,000 Masonry Best Protection Class Replacement Cost - Contents $1,000 - Deductible Water & Sewer Endorsement $300,000 Liability Home Value - 400,000 Frame Best Protection Class Replacement Cost - Contents $1,000 – Deductible Water & Sewer Endorsement $300,000 Liability 20650 St. Mary's Home Value - 118,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 200,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 200,000 Masonry Best Protection Class Replacement Cost - Contents $1,000 - Deductible Water & Sewer Endorsement $300,000 Liability Home Value - 350,000 Frame Best Protection Class Replacement Cost - Contents $1,000 – Deductible Water & Sewer Endorsement $300,000 Liability 21801 Wicomico Home Value - 75,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 150,000 Frame Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 150,000 Masonry Best Protection Class Replacement Cost - Contents $1,000 - Deductible Water & Sewer Endorsement $300,000 Liability Home Value - 250,000 Frame Best Protection Class Replacement Cost - Contents $1,000 – Deductible Water & Sewer Endorsement $300,000 Liability e Best Protection Class Replacement Cost - Contents $500 - Deductible Water & Sewer Endorsement $100,000 Liability Home Value - 150,000 Masonry Best Protection Class Replacement Cost - Contents $1,000 - Deductible Water & Sewer Endorsement $300,000 Liability Home Value - 250,000 Frame Best Protection Class Replacement Cost - Contents $1,000 – Deductible Water & Sewer Endorsement $300,000 Liability 4 Scenario 5: Condominium Policy Rate all Scenarios using Frame Construction and 1 to 4 Family Units Zip Code / County Scenario Zip Code / County Scenario Zip Code / County Scenario 21401 - Anne Arundel Replacement Cost for Coverage C Coverage C Amount = $50,000 Best Protection Class $500 - Deductible $100,000 Liability Loss Assessment Coverage 21701 - Frederick Replacement Cost for Coverage C Coverage C Amount = $75,000 Best Protection Class $500 - Deductible $300,000 Liability Loss Assessment Coverage 20769 - Prince George's Replacement Cost for Coverage C Coverage C Amount = $75,000 Best Protection Class $500 - Deductible $300,000 Liability Loss Assessment Coverage 21218 - Baltimore City Replacement Cost for Coverage C Coverage C Amount = $50,000 Best Protection Class $500 - Deductible $100,000 Liability Loss Assessment Coverage 21014 - Harford Replacement Cost for Coverage C Coverage C Amount = $75,000 Best Protection Class $500 - Deductible $300,000 Liability Loss Assessment Coverage 20650 St. Mary's Replacement Cost for Coverage C Coverage C Amount = $50,000 Best Protection Class $500 - Deductible $100,000 Liability Loss Assessment Coverage 21030- Baltimore County Replacement Cost for Coverage C Coverage C Amount = $50,000 Best Protection Class $500 - Deductible $100,000 Liability Loss Assessment Coverage 20855 - Montgomery Replacement Cost for Coverage C Coverage C Amount = $75,000 Best Protection Class $500 - Deductible $300,000 Liability Loss Assessment Coverage 21801 Wicomico Replacement Cost for Coverage C Coverage C Amount = $50,000 Best Protection Class $500 - Deductible $100,000 Liability Loss As = $50,000 Best Protection Class $500 - Deductible $100,000 Liability Loss Assessment Coverage 20855 - Montgomery Replacement Cost for Coverage C Coverage C Amount = $75,000 Best Protection Class $500 - Deductible $300,000 Liability Loss Assessment Coverage 21801 Wicomico Replacement Cost for Coverage C Coverage C Amount = $50,000 Best Protection Class $500 - Deductible $100,000 Liability Loss Assessment Coverage 21157 - Carroll Replacement Cost for Coverage C Coverage C Amount = $50,000 Best Protection Class $500 - Deductible $100,000 Liability Loss Assessment Coverage 5 Scenario 6: Renters Policy Rate all Scenarios using Frame Construction and 1 to 4 Family Units Zip Code / County Scenario Zip Code / County Scenario Zip Code / County Scenario 21401 - Anne Arundel Replacement Cost for Coverage C Coverage C Amount = $50,000 Best Protection Class $500 - Deductible $100,000 Liability 21701 - Frederick Replacement Cost for Coverage C Coverage C Amount = $75,000 Best Protection Class $500 - Deductible $300,000 Liability 20769 - Prince George's Replacement Cost for Coverage C Coverage C Amount = $75,000 Best Protection Class $500 - Deductible $300,000 Liability 21218 - Baltimore City Replacement Cost for Coverage C Coverage C Amount = $50,000 Best Protection Class $500 - Deductible $100,000 Liability 21014 - Harford Replacement Cost for Coverage C Coverage C Amount = $75,000 Best Protection Class $500 - Deductible $300,000 Liability 20650 St ment Cost for Coverage C Coverage C Amount = $75,000 Best Protection Class $500 - Deductible $300,000 Liability 21218 - Baltimore City Replacement Cost for Coverage C Coverage C Amount = $50,000 Best Protection Class $500 - Deductible $100,000 Liability 21014 - Harford Replacement Cost for Coverage C Coverage C Amount = $75,000 Best Protection Class $500 - Deductible $300,000 Liability 20650 St. Mary's Replacement Cost for Coverage C Coverage C Amount = $50,000 Best Protection Class $500 - Deductible $100,000 Liability 21030- Baltimore County Replacement Cost for Coverage C Coverage C Amount = $50,000 Best Protection Class $500 - Deductible $100,000 Liability 20855 - Montgomery Replacement Cost for Coverage C Coverage C Amount = $75,000 Best Protection Class $500 - Deductible $300,000 Liability 21801 Wicomico Replacement Cost for Coverage C Coverage C Amount = $50,000 Best Protection Class $500 - Deductible $100,000 Liability 21157 - Carroll Replacement Cost for Coverage C Coverage C Amount = $50,000 Best Protection Class $500 - Deductible $100,000 Liability 1 PPA Premium Scenarios Provide premiums, effective February 1, 2004, based on the below listed scenarios and instructions for each designated zip code (county, city/town) by February 20, 2004. Provide the requested information in the excel format attached. Provide annual premiums for the insurer's rating territory that most closely corresponds to the town or city limits or to the zip code designated for that county. Counties for which forms are required; Designated cities or towns and Zip Codes: County City/Town Zip Code Anne Arundel Annapolis 21401 Not Applicable Baltimore City 21218 Baltimore Cockeysville 21030 Carroll Westminster 21157 Frederick Frederick (City) 21701 Harford Belair 21014 Montgomery Rockville 20855 Prince George's Glenn Dale 20769 St. Mary's Leonardtown 20650 Wicomico Salisbury 21801 If your company has multiple tiers, determine tier placement by the information provided in the rating scenarios Annapolis 21401 Not Applicable Baltimore City 21218 Baltimore Cockeysville 21030 Carroll Westminster 21157 Frederick Frederick (City) 21701 Harford Belair 21014 Montgomery Rockville 20855 Prince George's Glenn Dale 20769 St. Mary's Leonardtown 20650 Wicomico Salisbury 21801 If your company has multiple tiers, determine tier placement by the information provided in the rating scenarios. If a scenario does not provide sufficient information for tier placement, place the subject of the scenario in the middle or standard tier. The following abbreviations are used in this form: • "COMP" means comprehensive or other than collision coverage; • "PIP" means personal injury protection; and • "UM" means uninsured motorist coverage. • “COLL” means collision coverage Scenarios: For each scenario listed, provide the total annual policy premium (rounded off to whole dollars) in the format shown on the enclosed “PPA Excel Format”. The scenarios use ISO symbols. If you do not use ISO symbols, use comparable symbols as appropriate. Otherwise, do not modify the scenarios. Scenario 1: Young Single Male Age 23 Drives a 2002 Kia Sportage, ISO symbol 15 If credit is used to determine premium, then calculate as if there was no credit history. Drives 10 miles to work each day. Drives 15,000 miles annually. Had an at-fault accident last year that resulted in $1,500 worth of damages to the other vehicle. Liability $20,000/$40,000/$15,000 Full PIP $2,500 UM $20,000/$40,000/$15,000 COMP $100 deductible COLL $250 deductible Scenario 2: Young Single Female Age 23 Drives a 2002 Jeep Liberty Limited, ISO symbol 14 If credit is used to determine premium, then calculate as if there was no credit history. Drives 8 miles to work each day. Drives 12,000 miles annually. No accidents or violations in past 3 years 000 Full PIP $2,500 UM $20,000/$40,000/$15,000 COMP $100 deductible COLL $250 deductible Scenario 2: Young Single Female Age 23 Drives a 2002 Jeep Liberty Limited, ISO symbol 14 If credit is used to determine premium, then calculate as if there was no credit history. Drives 8 miles to work each day. Drives 12,000 miles annually. No accidents or violations in past 3 years. Liability $20,000/$40,000/$15,000 Full PIP $2,500 UM $20,000/$40,000/$15,000 COMP $100 deductible COLL $250 deductible Scenario 3: Single Male Age 30 Drives a 2003 Chevrolet Silverado C1500, ISO symbol 14 If credit is used to determine premium, then calculate as if the driver has the best credit history. Drives 15 miles to work each day. Drives 17,000 miles annually. No accidents or violations in past 3 years. Liability $50,000/$100,000/$25,000 Limited PIP $2,500 2 UM $50,000/$100,000/$25,000 COMP $100 deductible COLL $250 deductible Scenario 4: Senior Citizen Age 65 Drives a 2000 Buick Regal, ISO symbol 10 If credit is used to determine premium, then calculate as if the driver has the best credit history. Has no accidents or violations in the last 3 years. Retired—pleasure use only. Liability $100,000/$300,000/$50,000 Limited PIP $2,500 UM $100,000/$300,000/$50,000 COMP $100 deductible COLL $250 deductible Scenario 5: Family Rate Premiums given should include coverages for 2 vehicles and 3 drivers, with a multi-car discount and a companion homeowners discount, where available. Married Male Age 45 Drives a 2000 Honda Accord, ISO symbol 14 If credit is used to determine premium, then calculate as if the driver has the best credit history. Drives 20 miles to work each day. Drives 20,000 miles annually. No accidents or violations in past 3 years d include coverages for 2 vehicles and 3 drivers, with a multi-car discount and a companion homeowners discount, where available. Married Male Age 45 Drives a 2000 Honda Accord, ISO symbol 14 If credit is used to determine premium, then calculate as if the driver has the best credit history. Drives 20 miles to work each day. Drives 20,000 miles annually. No accidents or violations in past 3 years. Liability $100,000/$300,000/$50,000 Limited PIP $2,500 UM $100,000/$300,000/$50,000 COMP $100 deductible COLL $250 deductible Married Female Age 45 Drives a 2000 Dodge Caravan, ISO symbol 8 If credit is used to determine premium, then calculate as if the driver has the best credit history. Drives 5 miles to work each day. Drives 12,000 miles annually. No accidents or violations in past 3 years. Liability $100,000/$300,000/$50,000 Limited PIP $2,500 UM $100,000/$300,000/$50,000 COMP $100 deductible COLL $250 deductible Young Single Male Age 17 Does not have his own—he is an occasional driver of the 2000 Dodge. Has 1 year of driving experience. Has 1 speeding violation—9 mph over limit. Took a driver training course. Has a B average in school. Liability $100,000/$300,000/$50,000 Limited PIP $2,500 UM $100,000/$300,000/$50,000 Scenario 6: Single Female Age 35 Drives a 2002 Toyota Camry, with dual front air bags. ISO symbol 13 If credit is used to determine premium, then calculate as if the driver has the best credit history. Drives 15 miles to work each day and 10,000 miles annually. No accidents or violations in the past 3 years. Liability $100,000/$300,000/$50,000 Limited PIP $2,500 UM $100,000/$300,000/$50,000 COMP $100 deductible COLL $250 deductible