State Farm is one of the largest insurance providers in America. State farm has been around since 1922 and provides car, home, life, health and other types of insurance to consumers. They are best known for their commercials with the gecko that says “Like a good neighbor State Farm is there” The company has had an up-and-down recent history but they still have over 100 million customers worldwide. In 2016, State Farm was ranked as one of Fortune's "100 Best Companies to Work For".
Listed below are some particulars about 3 star discount state farm. This page provides information about the form's size, finalization time, and the areas you'll be expected to fill.
Question | Answer |
---|---|
Form Name | 3 Star Discount State Farm |
Form Length | 5 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 1 min 15 sec |
Other names | state farm two star discount, star discount, what is the 3 star discount with state farm, 3 star discount state farm |
ACCIDENT/VIOLATION DISCOUNTSANDSURCHARGES
StateFarmFireandCasualtyCompany
ApplicabletoVehiclesRated AsPrivatePassengerCars
EffectiveJuly15,2005NewBusiness EffectiveAugust15,2005Renewals
(continuedinside)
Likeagoodneighbor,StateFarmisthere.®
STATEFARMFIREAND
CASUALTYCOMPANY
HomeOffice:
7/05(C) |
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Thefollowingdiscountsandsurchargesapply baseduponthedrivers’chargeableaccidentsand violations.
Anaccidentthatoccurredwithinthethreeyears priortothedateofapplicationwillbeconsidered
Amultiplevehicleaccidentwillnotbeconsidered
Foraccidentsthatoccurredpriortothedateof application,theaccidentwillnotbeconsidered
accidentwasconvictedofamovingtrafficviolation, or(7)theoperatorwasoperatingavehicleofatype noteligibleforratingunderthisPlan,or(8)the insurerrecovered80%ormoreoftheinsurer’sloss throughsubrogationwhenitwasacollisionloss, or(9)theaccidentresultedinapaymentunder PersonalInjuryProtectionorAdditionalPersonal InjuryProtectionCoverageandnopaymentis madeundertheLiabilityorCollisionCoverages, unlesstheaccidentisasinglevehicleaccidentin whichdamagetopropertyoccurs.
Majorviolationsinclude:(1)drivingamotor vehicleundertheinfluenceofintoxicantsordrugs,
(2)manslaughter(whetherornot“involuntary”), recklesshomicideorfeloniousassaultarisingout oftheuseofamotorvehicle,(3)recklessdriving whichresultsinaninjurytoaperson,(4)failureto stopandreportoridentifyoneselfwheninvolved inamotorvehicleaccident,(5)operatingamotor vehiclewithoutavalidoperator’slicenseorduring aperiodofrevocationorsuspensionofmotor vehicleregistrationoroperator’slicense,and(6) operatingamotorvehiclewithouttheowner’s authorityifsuchoperationresultsinafelony.
Minorviolationsincludetrafficlawoffenses forspeeding,stopsignandsignalinfractions, improperturns,failuretoyieldrightofway,and similaroffenses.Aminorviolationshallnotbe countedasaseparateincidentifitoccurredin connectionwithachargeableaccident.Ifany violationissubsequentlydismissed,itwillno longerbeconsideredachargeableviolation.
EachdriverisassignedaDriverRecordLevel(DRL)basedontheirchargeableaccidentsandviolationsduring thepastthreeyears.Iftherewerenochargeableaccidentsorviolations,theDriverRecordLevelisLevel1. Otherwise,theDRLisincreasedasshownbelowforeachchargeableaccidentandviolation:
Incident |
InitialYear |
SecondYear |
ThirdYear |
|
|
|
|
MinorViolation |
+2levels |
+1level |
+0levels |
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|
|
|
ChargeableAccident |
+3levels |
+2levels |
+1level |
|
|
|
|
MajorViolation |
+5levels |
+4levels |
+3levels |
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|
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Iftheincidentoccurredpriortothedateofapplication,theDRLwillbeadjustedasiftheincidenthad occurredwithinoneyearpriortothedateofapplication,andwilldecreaseforeachyeartheincidentis surcharged.However,theDRLwillnotbeaffectedbyanincidentwhentheincidentoccurredatleastthree yearspriortotheeffectivedateofthecurrentrenewal.
TheDriverRecordSurchargeforeachindividualdriverisbasedontheirDriverRecordLevel,asshowninthe followingtable:
|
DriverRecordLevel |
DriverRecordSurcharge |
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|
|
1 |
0% |
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|
|
|
2 |
0% |
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|
|
|
3 |
0% |
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|
|
|
4 |
15% |
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|
5 |
50% |
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|
|
|
6 |
60% |
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|
|
|
7 |
70% |
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|
|
|
8 |
90% |
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|
|
|
9 |
110% |
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|
|
|
10* |
140% |
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|
|
*Plus50%foreachadditionallevelabove10
Theaccidentsurchargesapplytothevehiclethedriverisassignedtoratherthanthevehicleinvolvedinthe accident.
Surchargeswillberemovedifsatisfactoryevidenceisfurnishedthatthedriverinvolvedisnolongeramember ofthehouseholdorwillnotbedrivingthecarinthefuture.IfthatdriverisinsuredonanotherStateFarm policy,theaccidentorviolationwillbeconsideredintheratingofthatpolicy.
Thefollowingchartillustratesthesurchargesthatapplyifonedriverhadthelisteddrivingrecords.Whenmore thanonedriverisassignedtoavehicle,theDriverRecordSurchargeforeachdriverisaddedtogethertodetermine thetotalsurcharge.Forexample,ifonedriverofthevehiclehadanaccidentinthepastyearandanotherdriverof thevehiclehadaminorviolationthesurchargefortheinitialyearwouldbe15%(=15%+0%).
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|
Surcharges |
DrivingRecord
|
|
InitialYear SecondYear |
ThirdYear |
|
|
|
|
|
|
1minorviolation |
0% |
0% |
0% |
|
|
|
|
|
|
1chargeableaccident |
15% |
0% |
0% |
|
|
|
|
|
|
1majorviolation |
60% |
50% |
15% |
|
|
|
|
|
|
2minorviolations |
|
|
|
|
Bothoccurredwithinpastyear |
50% |
0% |
0% |
|
Onewithinpastyear&otherone1yearago |
15% |
0% |
0% |
|
Onewithinpastyear&otherone2yearsago |
0% |
0% |
0% |
|
|
|
|
|
|
2chargeableaccidents |
|
|
|
|
Bothoccurredwithinpastyear |
70% |
50% |
0% |
|
Onewithinpastyear&otherone1yearago |
60% |
15% |
0% |
|
Onewithinpastyear&otherone2yearsago |
50% |
0% |
0% |
|
|
|
|
|
|
1chargeableaccident,1minorviolation |
|
|
|
|
Bothoccurredwithinpastyear |
60% |
15% |
0% |
|
Onewithinpastyear&otherone1yearago |
50% |
0% |
0% |
|
Onewithinpastyear&otherone2yearsago |
15% |
0% |
0% |
|
|
|
|
|
|
1chargeableaccident,1majorviolation |
|
|
|
|
Bothoccurredwithinpastyear |
110% |
70% |
50% |
|
Majorviolationwithinpastyear&accident1yearago |
90% |
60% |
15% |
|
Majorviolationwithinpastyear&accident2yearsago |
70% |
50% |
15% |
|
Accidentwithinpastyear&majorviolation1yearago |
90% |
60% |
0% |
|
Accidentwithinpastyear&majorviolation2yearsago |
70% |
0% |
0% |
|
|
|
|
|
|
1minorand1majorviolation |
|
|
|
|
Bothoccurredwithinpastyear |
90% |
60% |
15% |
|
Majorviolationwithinpastyear&minor1yearago |
70% |
50% |
15% |
|
Majorviolationwithinpastyear&minor2yearsago |
60% |
50% |
15% |
|
Minorviolationwithinpastyear&major1yearago |
70% |
50% |
0% |
|
Minorviolationwithinpastyear&major2yearsago |
60% |
0% |
0% |
Additionalsurchargesapplyforahighernumberofincidents.
Thefollowingtableshowssomeexamplesofhowtheaccidentsurchargeworks.Theseexamplesarenotbased onactualpremiumamountsandconsideronlytheeffectofaccidentsurcharges.Wehaveassumedthatthe
A. Onevehicleinsured.
PremiumincludingPremiumincluding
|
CoveragePremiumwithsurchargeforone |
surchargefortwo |
||
|
|
noaccidents |
chargeableaccident* |
chargeableaccidents* |
BodilyInjury,
|
PropertyDamage |
$80 |
$96 |
$110 |
$96 |
$163 |
||
|
UninsuredMotorist |
5 |
7 |
7 |
7 |
7 |
||
|
PersonalInjuryProtection |
40 |
48 |
55 |
48 |
82 |
||
|
|
|
|
|
|
|
|
|
Comprehensive |
25 |
30 |
30 |
30 |
30 |
|||
|
Collision |
50 |
60 |
69 |
60 |
102 |
||
|
TOTALPREMIUM |
$200 |
$241 |
$271 |
$241 |
$384 |
B. Twovehiclesinsured.Accidentschargeabletotheprincipaloperatorofvehiclenumberone,while operatingvehiclenumberone.
1.VEHICLENUMBERONE
PremiumincludingPremiumincluding
|
CoveragePremiumwithsurchargeforone |
surchargefortwo |
||
|
|
noaccidents |
chargeableaccident* |
chargeableaccidents* |
BodilyInjury,
|
PropertyDamage |
$80 |
$96 |
$110 |
$96 |
$163 |
|||
|
UninsuredMotorist |
5 |
7 |
7 |
7 |
7 |
|||
|
|
PersonalInjuryProtection |
40 |
48 |
55 |
48 |
82 |
||
|
Comprehensive |
25 |
30 |
30 |
30 |
30 |
|||
|
|
Collision |
50 |
60 |
69 |
60 |
102 |
||
|
TOTALPREMIUM |
$200 |
$241 |
$271 |
$241 |
$384 |
2.VEHICLENUMBERTWO
|
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|
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PremiumincludingPremiumincluding |
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|
Coverage |
Premiumwithsurchargeforonesurchargefortwo |
||||||
|
|
noaccidentschargeableaccident |
chargeableaccidents |
BodilyInjury,
|
PropertyDamage |
$120 |
$120 |
$120 |
|
UninsuredMotorist |
5 |
5 |
5 |
|
PersonalInjuryProtection |
60 |
60 |
60 |
|
Comprehensive |
40 |
40 |
40 |
|
Collision |
75 |
75 |
75 |
|
TOTALPREMIUM |
$300 |
$300 |
$300 |
* Thesurchargedecreaseseachyear.Forthetwoaccidentexample,thesurchargedependsonthetimingoftheaccidents.