Jevco Changes

[Corey McNeely]

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New Rules:

No longer write Super Sports unless model is 16yrs or prior
(previously they would surcharge them)

Driving Records are now 0,1,2,3
(previously they had 0 or other)

Offerin 6 installments for payment
(previously was 4)

New Age Categories 30-34, 35-39, 40-44, 45-49, 50 % over
(previously was 30-39 and 40 & over)

 

[jeffjones]

So what happens to everyone that is with them already with SS?
Will they get renewed or will they just not let them renew?

 

[Corey McNeely]

If your renewal is after May 15th it will be cancelled. A letter will be sent out to advise you of the non-renewal.

 

[油井緋色]

New Rules:

No longer write Super Sports unless model is 16yrs or prior
(previously they would surcharge them)

Driving Records are now 0,1,2,3
(previously they had 0 or other)

Offerin 6 installments for payment
(previously was 4)

New Age Categories 30-34, 35-39, 40-44, 45-49, 50 % over
(previously was 30-39 and 40 & over)

Anyone know what the hell qualifies for record's 1 2 and 3?

 

[djbordie]

wholey ****, i just signed on with jevco.

Z though, not technically a SS...I HOPE

gotta say, i love the 6 payments...leaves me alot better off for the fall/winter months...not having to pay.

 

[VifferFun]

Anyone know what the hell qualifies for record's 1 2 and 3?

It will likely be:

0 -- 00MO - 12MO of experience
1 -- 12MO - 24MO of experience
2 -- 24MO - 36MO of experience
3 -- 36MO+ of experience

It used to be:

0 -- 00MO - 12MO of experience
1 -- 12MO+ of experience

This more refined segmentation is good news for experienced riders (since their premium should come down a little) but bad news for inexperienced riders (since their premium will likely increase anywhere from a little to not-so-little). The experienced riders will not be subsidizing the inexperienced riders as much.

 

[VifferFun]

New Rules:

No longer write Super Sports unless model is 16yrs or prior
(previously they would surcharge them)

Driving Records are now 0,1,2,3
(previously they had 0 or other)

Offerin 6 installments for payment
(previously was 4)

New Age Categories 30-34, 35-39, 40-44, 45-49, 50 % over
(previously was 30-39 and 40 & over)

Thanks Corey. Any idea on what the premium drops will be as you progress through the age bands?

 

[油井緋色]

It will likely be:

0 -- 00MO - 12MO of experience
1 -- 12MO - 24MO of experience
2 -- 24MO - 36MO of experience
3 -- 36MO+ of experience

It used to be:

0 -- 00MO - 12MO of experience
1 -- 12MO+ of experience

This more refined segmentation is good news for experienced riders (since their premium should come down a little) but bad news for inexperienced riders (since their premium will likely increase anywhere from a little to not-so-little). The experienced riders will not be subsidizing the inexperienced riders as much.

Yeah, I went from 1600 to 2072 =(

 

[Corey McNeely]

From the standard 30-34 its as follows

35-39 - 4%
40-44 - 12%
45-49 - 12%
50&over - 8%

 

[qaz393]

does the FZ6 counts as a sport or standard?

 

[VifferFun]

From the standard 30-34 its as follows

35-39 - 4%
40-44 - 12%
45-49 - 12%
50&over - 8%

I'm assuming that these aren't cumulative drops (meaning that the 50+ operator actually pays more than the 45-49 operator)?

 

[Corey McNeely]

My apologies. These are the discount rates using the base rate of 30~34 age group

 

[pfbmgd]

Don`t know how this works .But Echelon renewal was $1400 and jevco is $1048.

 

[VifferFun]

My apologies. These are the discount rates using the base rate of 30~34 age group

That makes sense. I would expect the 40-49 group to be less of a risk than the 50+ group.

 

[Pasofol]

I guess that only leaves state farm for new drivers. Maybe td. Glad I'm not a new driver but do feel bad for guys who want to drive with a 250 or even 125 butl have to pay arm and leg.

 

[py24]

does the FZ6 counts as a sport or standard?

The FZ6 is considered a standard bike by Jevco. I have my 07 FZ6 insured with Jevco. My last renewal this past August was a little under $900 for comprehensive.

 

[kamikaze]

oh goodie, last year my renewal wasn't too bad, altho i still think it's high for a 250. Can't wait to see what it's going to be this year

 

[knowledge]

does this include the 250r? I just renewed the other day and I'd like to have another company lined up if they're gonna cancel on me

Insurance has gone up for 2 years in a row and I have a clean record lol fuuuuu

 

[Corey McNeely]

250R are not considered a SS. Jevco would not cancel you based on that bike

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