The new year is bringing a new and improved way to write auto insurance business. FlexAutoSM, Unigard Insurance Group’s easy to use and innovative auto insurance program, is now available to independent agents in Idaho and Utah. FlexAuto will be introduced in Oregon, Washington and Arizona in upcoming months. (A modified version will be released in California to comply with state regulatory requirements.)
FlexAuto features a flexible, transparent Precise PricingSM multivariate rating and pricing process guaranteed to provide more competitive pricing for a broader range of risks. And unlike other insurance carriers, Unigard will also provide agents direct insight into how they are rating policies - taking the mystery out of the policy rating process for both agents and policyholders.
"We hope agents consider Unigard every time they quote an auto policy," said John Blodnick, vice president of personal lines at Unigard. "With FlexAuto they can now quote and submit a policy online for almost anyone who walks in the agency’s door. Agents will receive their quote immediately and easily, thanks to FlexAuto’s intuitive Web interface. In addition our staff of knowledgeable underwriters is always on hand to answer questions and help agents understand how premiums are determined."
Precise Pricing simultaneously considers a number of customer traits and how they affect each other. This sophisticated rating and pricing structure reflects an individual driver’s risk characteristics and results in more accurate premium pricing.
Thirteen factors are considered including prior bodily injury limits, number of children, home ownership, number of vehicles and credit score/age comparison, among others. With this flexible rating system, Unigard can adjust rates for individual policyholders as their variables change.
FlexAuto’s automated underwriting model will place policyholders in the appropriate pricing tier based on their individual rating attributes, so the program can competitively write all levels of drivers, from an agency’s best drivers to those who’ve had a few bumps in the road. Discounts for multiple vehicles, anti-theft devices, passive restraints and driving activity-free will make premiums even more affordable.
FlexAuto provides comprehensive coverage options, including liability, physical damage, comprehensive and collision, to a broader range of drivers.
"We designed FlexAuto so it’s easy for agents to use and understand while providing a more competitive product. It’s going to make their jobs much easier," said Blodnick.
For more information please contact Anne M. Smith.