Page 121 - Commercial - Underwriting Mandates & Guidelines Binder

Motor
PRIVATE TYPE VEHICLES
REGION
MINIMUM MONTHLY PREMIUM
VEHICLE VALUE
up to R150 000
R150 001 – R200 000
R200 001 – R250 000
R250 001 – R300 000
R300 001 – R350 000
Free State Metro
Durban/ Pieter- maritzburg
South Coast/North Coast
Cape Town/Boland Metro
Western Cape Rural
Port Elizabeth
East London
3.25% – 2.90%
2.85% – 2.75%
2.80% – 2.70%
3.25% – 2.70%
3.25% – 2.65%
3.15% – 2.60%
3.15% – 2.55%
3.15% – 2.75%
2.75% – 2.65%
2.70% – 2.60%
3.15% – 2.55%
3.00% – 2.50%
3.00% – 2.45%
3.00% – 2.40%
3.15% – 2.70%
2.65% – 2.55%
2.60% – 2.50%
3.15% – 2.50%
3.00% – 2.45%
3.00% – 2.40%
3.00% – 2.35%
3.00% – 2.60%
2.55% – 2.50%
2.50%
3.00% – 2.35%
3.00% – 2.30%
2.95% – 2.25%
2.95% – 2.20%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
3.1.1 Third party only – 45% of comprehensive premium, minimum R100
3.1.2 Third party, fire and theft – 65% of comprehensive premium, minimum R150
Loadings
Toyota LDV's and Fortuner
Mini bus/Combi type vehicle Performance vehicles
Loss ratio between 65% and 80% Loss ratio between 81% and 100% Loss ratio between 101% and 150% Loss ratio over 150%
3.2 Commercial Vehicles (LDV's)
R400 9.50% – 9.00%
R300 9.50% – 8.85%
R300 9.50% – 8.80%
R300 9.50% – 8.75%
R300 9.50% – 8.50%
R300 8.50% – 7.50%
R300 9.25% – 8.55%
R300 9.25% – 8.45%
R300 9.25% – 8.35%
R300 9.25% – 8.30%
COMMERCIAL VEHICLES (LDV'S)
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/ Pietermaritzburg
South Coast/North Coast
Cape Town/Boland Metro
Western Cape Rural
Port Elizabeth
East London
9.50% – 9.00%
9.50% – 8.85%
9.50% – 8.80%
9.50% – 8.75%
8.50% – 7.50%
7.50% – 6.50%
9.25% – 8.55%
9.25% – 8.45%
9.25% – 8.35%
9.25% – 8.30%
9.25% – 8.75%
9.25% – 8.70%
9.25% – 8.65%
9.25% – 8.60%
7.50% – 7.25%
6.50% – 6.25%
9.00% – 8.45%
9.00% – 8.35%
9.00% – 8.30%
9.00% – 8.25%
25% 25% 25% 15% 25% 40% 60%
9.00% – 8.50%
9.00% – 8.45%
9.00% – 8.40%
9.00% – 8.35%
7.25% – 7.00%
6.25% – 6.00%
8.95% – 8.20%
8.95% – 8.15%
8.95% – 8.10%
8.95% – 8.05%
8.95% – 8.00%
8.75% – 7.95%
8.75% – 7.90%
8.75% – 7.85%
7.00% – 6.75%
6.00% – 5.75%
8.50% – 7.65%
8.50% – 7.60%
8.50% – 7.55%
8.50% – 7.50%
Commercial Underwriting Mandates and Guidelines – Binder – Version 4 2022
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