Merchants Insurance Group has introduced Merchants Flexible Choice Auto in New York, effective Jan. 5 for new business and March 15 for renewals. This is a redesigned private passenger automobile insurance product featuring rate reductions and new underwriting eligibility criteria, rating variables and coverages. It includes 16 rating tiers, new geographic territories, a new class plan and new rating factors such as ratio of drivers to vehicles, vehicle age and body type.
Discounts include a paid-in-full discount, a discount for insureds that enroll in the company's electronic funds transfer payment program, and discounts for those using a company car or having a new automobile. Policyholders with young drivers may be eligible for the good student and minor child discounts.
Insureds will receive free roadside assistance for all vehicles that have comprehensive and collision coverage. For additional coverage, Merchants offers their revised Package of Protection, or "POP" Endorsement, as well as the new Extra Advantage Endorsement and the Extra Advantage Plus Package Endorsement for the most comprehensive coverages.
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