Miller's Automotive Services Inc

201 Wallace Ave
Downingtown, PA 19335

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
Needs Attention

Experience Mod Rating

Mod is an indication of how risky a company is to insure. It is based on a company's claim history.

  • Experience Mod is in-line with peers, in the 34th percentile.
  • There was a recent mod decrease.
Average

LCM Rate

LCMs have the largest effect on your WC costs. Carriers file LCM's which are multiplied with the state approved Loss Costs for your employment classifications to create your policy rates. Carrier Groups have several Carrier Tier's each with their own filing, allowing their underwriters to price aggressively to overly prudent depending on the risk.

  • The LCM of the Current Carrier is in-line with peers, in the 44th percentile.
  • In the last year, LCM Increased by 5%. While peers Increased an average of 1%.
Average

Market Competitiveness

We measure relative change (when a business chooses a different WC provider), and market share distribution over a rolling 24 months as compared to it's industry and state level activity to determine how competitive carriers are for your class of business.

  • 7% of peers have changed carriers since last year.
  • Of those who changed carriers, 3.9% decreased their LCM vs those who stayed with their current provider who saw a 1.7% increase, a difference of roughly 2x.
  • Current Carrier's market share is in the 99th percentile at 39.6% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.499
2021

1.428
2020

1.386
2019

1.386
2018

1.426
2017

1.463
2016

1.427
2015

1.427
2014
11-16-2014

-
2013

-
2012
11-16-2012

-
2011

-
2010

-
2009

-

Contacts

Jmvdgo Mbajip
President
(772) 598-6283
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702
(714) 451-0822
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Industry Classification

Motor Carrier