---
title: How is the rebate calculated?
description: "Version 2 (applicable for policies incepted February 2024)   Each factor has defined bonus thresholds: Safety Score (1-3%), Time to Report (1-3%), and Loss Ratio (1-4%). The total bonus cannot exceed"
---

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1. [Fleet Insurance FAQ](https://help.flockcover.com/)
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3. [Rebates](https://help.flockcover.com/flock-for-motor-fleets#rebates)

# How is the rebate calculated?

**Version 2 (applicable for policies incepted February 2024)** 

**![Rebates](https://help.flockcover.com/hs-fs/hubfs/Rebates.jpg?width=511&height=361&name=Rebates.jpg)**

Each factor has defined bonus thresholds: Safety Score (1-3%), Time to Report (1-3%), and Loss Ratio (1-4%). The total bonus cannot exceed 10%. If there are no claims, you will receive 3% in replacement of the Time to Report rebate (there will be no TTR calculated).

**Version 1 (applicable for policies incepted between June 2022 - February 2024)**

The loss ratio determines your fleet's eligibility for a rebate. If this is less than 55% then you will qualify for a rebate of up to 10% based on your mileage and Safety Score. 

Of the maximum 10%, 6% of this is weighted towards mileage and 4% weighted towards Safety Score. For more information on how the Safety Score is calculated, see [How is the Safety Score calculated](https://help.flockcover.com/how-is-the-safety-score-and-rebate-calculated)?

 

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