Page 120 - Commercial - Underwriting Mandates & Guidelines Binder

3.1
Private Type Vehicles
R300
R250
R250
R250
R250
R250
R250
R250
R250
R250
4.25% – 3.45%
4.25% – 3.40%
4.25% – 3.35%
4.25% – 3.35%
3.75% – 3.50%
3.40% – 3.30%
4.00% – 3.20%
4.00% – 3.20%
4.00% – 3.20%
4.00% – 3.15%
3.25% – 3.00%
3.25% – 2.90%
3.25% – 2.85%
Motor
3.
COMMERCIAL MOTOR PREMIUM CALCULATION
PRIVATE TYPE VEHICLES
REGION
VEHICLE VALUE
MINIMUM MONTHLY PREMIUM
up to R150 000
R150 001 – R200 000
R200 001 – R250 000
R250 001 – R300 000
R300 001 – R350 000
Gauteng
North-West/ Limpopo/ Mpumalanga Metro
NW/LP/MP Rural
Free State Metro
Durban/Pieter- maritzburg
South Coast/North Coast
Cape Town/Boland Metro
Western Cape Rural
Port Elizabeth
East London
6.50% – 5.50%
6.00% – 5.00%
5.50% – 4.75%
5.50% – 4.75%
6.00% – 5.00%
5.50% – 4.50%
5.25% – 4.75%
5.00% – 4.50%
5.25% – 4.75%
5.00% – 4.50%
4.00% – 3.35%
4.00% – 3.30%
4.00% – 3.25%
4.00% – 3.25%
3.50% – 3.25%
3.30% – 3.20%
3.75% – 3.15%
3.75% – 3.10%
3.75% – 3.15%
3.75% – 3.10%
3.15% – 2.90%
3.15% – 2.85%
3.15% – 2.80%
5.50% – 4.50%
5.00% – 4.00%
4.50% – 3.75%
4.50% – 3.75%
5.00% – 4.50%
4.50% – 4.00%
4.25% – 3.75%
4.00% – 3.50%
4.25% – 3.75%
4.00% – 3.50%
3.75% – 3.25%
3.75% – 3.20%
3.75% – 3.15%
3.75% – 3.20%
3.25% – 3.15%
3.20% – 3.10%
3.50% – 3.05%
3.50% – 3.00%
3.50% – 3.05%
3.50% – 3.00%
3.15% – 2.85%
3.15% – 2.80%
3.15% – 2.75%
5.00% – 4.00%
5.00% – 3.95%
4.50% – 3.65%
4.50% – 3.65%
4.50% – 4.25%
4.00% – 3.75%
4.25% – 3.55%
4.25% – 3.40%
4.00% – 3.65%
4.00% – 3.40%
3.50% – 3.15%
3.50% – 3.10%
3.50% – 3.05%
3.50% – 3.10%
3.15% – 3.10%
3.10% – 3.00%
3.50% – 3.00%
3.25% – 2.95%
3.25% – 2.90%
3.25% – 2.85%
3.00% – 2.75%
3.00% – 2.70%
3.00% – 2.65%
4.75% – 3.75%
4.50% – 3.55%
4.50% – 3.50%
4.50% – 3.50%
4.25% – 4.00%
3.75% – 3.50%
4.00% – 3.50%
4.00% – 3.30%
4.00% -3.50%
4.00% – 3.50%
3.25% – 3.10%
3.25% – 3.05%
3.25% – 3.00%
3.25% – 3.05%
3.10% – 3.00%
3.00% – 2.90%
3.25% – 2.95%
3.25% – 2.90%
3.25% – 2.85%
3.25% – 2.80%
2.50%
2.50%
2.50%
4.50% – 3.65%
4.50% – 3.55%
4.50% – 3.50%
4.50% – 3.50%
4.00% – 3.75%
3.50% – 3.40%
4.25% – 3.40%
4.00% – 3.25%
4.00% – 3.35%
4.00% – 3.35%
3.25% – 3.05%
3.25% – 3.00%
3.25% – 2.95%
3.25% – 2.90%
3.00% – 2.85%
2.90% – 2.80%
3.25% – 2.75%
3.25% – 2.70%
3.25% – 2.65% 3.25% – 2.6%
PRIVATE TYPE VEHICLES
REGION
VEHICLE VALUE
R350 001 – R400 000
R400 001 – R450 000
R450 001 – R500 000
R500 001 – R550 000
R550 001 – R600 000
R600 001 – R650 000
Gauteng
North-West/Limpopo/ Mpumalanga Metro
NW/LP/MP Rural
Free State Metro
Durban/ Pieter- maritzburg
South Coast/North Coast
Cape Town/Boland Metro
Western Cape Rural
Port Elizabeth
East London
PRIVATE TYPE VEHICLES
VEHICLE VALUE
REGION
R650 001 – R700 000
R700 001 – R750 000
R750 001 – R800 000
R800 001 – R900 000
R900 001 – R1 000 000
Gauteng
North-West/ Limpopo/ Mpumalanga Metro
NW/LP/MP Rural
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Commercial Underwriting Mandates and Guidelines – Binder – Version 4 2022