Advanced Auto Rating

Table of Contents

Client Screen 1

Quote Information Screen 2

Private Passenger 3

Coverages 5

Optional Accident Benefits 6

Driver(s) 7

Claims/Convictions/Suspensions & Lapses 8

Assignment Screen 9

Miscellaneous Vehicles 10

Motorcycles 11

Motorcycle License & History 12

Carrier Selection 12

Premium Adjustments 13

Summary & Quote 14

Application/Liability Slips 15

Defect Reporting/Client Memos & Quote Notes 16

Upload to Insurer Portals 17

Individually Rated Commercial Automobiles 18

Contact Information 19

– 1 –

Client Screen

Client Memos and Quotes Notes can be

added at any point and used as:

• Reminders

• Differentiate between quotes

• Share info with co-workers

• Upload info to insurance companies

Use the Copy button

to provide clients with

multiple scenarios.

– 2 –

Quote Information Screen

The correct effective date is

essential. The following are

affected by this date:

• Renewal and New

Business rates

• Birthdates of drivers

• Dates of accidents

and/or convictions

A Policy Type and a Carrier must

be completed to generate a

Multi-line discount.

Individually Rated

Commercially Auto and

Miscellaneous Vehicles

are also available in

Compu-Quote Rating

Services through

AutoRater.

– 3 –

Private Passenger

– 4 –

Private Passenger

A Postal Code can generate

one or more cities, which

reflects on the territory. By

amending the Postal Code,

the garaged location of the

vehicle can be amended.

By Selecting Pleasure as primary use and entering the correct information in Distance

Driven, various driving classes can be generated.

If Business is selected, Class 07 is generated. Distance Driven information should be

entered in all cases.

If a Multi-Vehicle discount is required when quoting a

single vehicle, select the Single Vehicle MVD box.

– 5 –

Coverages

______________________

To set a Coverage Group:

1. Select the desired coverages

2. Under Coverage Groups, select Save As ...

3. Name the coverage group

Note: Several Coverage Groups can be set. Coverage

Groups can be added, renamed and deleted. An individual default

can be set per user.

– 6 –

Optional Accident Benefits

Optional Increased Accident Benefits

Coverages can be accessed through:

• Coverages (Private passenger)

• SABS (Quote Summary Screen)

– 7 –

Driver(s)

Occupations that may affect

premiums are:

• Clergy

• Farmer

• Retired

• Student (away at school)

Graduated licensing history or

other licensing can be entered

under License Detail.

– 8 –

Claims/Convictions/Suspensions & Lapses

Select the vehicle (or vehicle

substitution) involved in the claim.

Dates of claims,

convictions,

suspensions and

lapses recognize the

effective date of the

policy.

If a driver has had a

suspended licence, it is

important that all

convictions and lapses

associated with the

suspension be entered

as well.

– 9 –

Assignment Screen

The occasional driver should be assigned to the vehicle that has the highest rating group.

Driver(s) listed in the “Available Drivers” box has to be

assigned as Principal, Occasional or Excluded driver.

– 10 –

Miscellaneous Vehicles

If Miscellaneous is selected as the Type of policy

on the Quote Information screen, it will launch

directly into the miscellaneous vehicles tab.

Select the Year and Make to access a list

of available models (shown in white).

– 11 –

Motorcycles

The wand can provide

further information

based on the car code.

• Body Style/Class

• Engine (cc)

• List Price New

Most companies require the

following to obtain a quote:

• List Price New

• Purchase Price

• Purchase Date

• Purchase Condition

• Km at purchase

Some companies require additional anti-theft

devices to insure certain risks. After-market

anti-theft devices should be selected.

– 12 –

Motorcycles License & History

Carrier Selection

Class M license and motorcycle

insurance history is entered on

a separate screen from the

other classes of license.

Miscellaneous Vehicle Group

Plans can be entered from the

drop down menus.

Carrier selection can be made per

quote and carrier groups can be set.

– 13 –

Premium Adjustments

The wrench on the Underwriting

Screens allows you to define

premium adjustments.

Watch for messages advising to apply further

discounts using the wrench.

Once applied, a notation appears under

Messages and the affected rates are shown in

red.

Note: The premium adjustment is set by carrier,

for example Aviva. When using the wrench to

apply discounts/surcharges, they are saved for

that particular quote with the selected carrier.

Therefore the applied discounts/surcharges for

the selected carrier remain if you re-quote or

copy the existing quote.

The wrench on the Carrier Detail

Screen allows you to apply them.

– 14 –

Summary & Quote

Pro Rata/Short Rate Calculator

The quote can be saved in HTML

and attached to an email.

– 15 –

Application

Liability Slips

Applications can be printed directly

from Compu-Quote. Complete all fields

in Compu-Quote prior to opening the

application (eg. Driver’s License/VIN).

– 16 –

Defect Reporting

Client Memos & Quote Notes

Selecting OK will submit

your request to Compu-

Quote for review.

Record the tracking

number for future

reference.

Defect Reporting can be used to report an

error in rating directly to Compu-Quote’s

support department for review. Complete

all required fields, including a description.

Memos and notes can be

included in the Carrier Upload

by checking the Include in

Carrier Upload box.

– 17 –

Upload to Insurer Portals

Select the desired insurer from the Quote Summary

to have access to the Company Integration Icon,

click on the Icon and the system will prompt you to

enter your user name & password.

This functionality is currently available with Aviva, Aviva Traders,

INTACT, Novex, North Waterloo Farm Mutual, Peel Mutual,

Royal & Sun Alliance, Scottish & York, Western Assurance, and

York Fire.

If you are interested in this free functionality please contact your

Compu-Quote Sales Representative for more information.

– 18 –

Individually Rated Commercial Automobiles

(IRCA)

Please visit www.compu-quote.com/IRCA/ENG to

view our IRCA training video.

Individually Rated Commercial Automobiles (IRCA) is available in

Compu-Quote Rating Services through AutoRater.

The IRCA Quoting Application is an easy to use web-based module

embedded in AutoRater, which is designed to provide full underwriting

and simultaneous, comparative quoting for multiple IRCA rate plans.

– 19 –

Contact Information

For more information regarding Compu-Quote Rating Services or any of

Compu-Quote’s other products or services, contact your account

representative at 1-800-265-0808.

For technical or underwriting support, contact our support line at

1-800-265-0808 Monday through Friday from 8:30 AM to 7 PM EST or by

email at support@compu-quote.com.

Would you or your employees or coworkers benefit from this course?

We offer in-house, online, webinar and seminar training. For event

schedules and information go to www.compu-quote.com and select Events.

www.compu-quote.com