If you drive a car in Canada, there’s a good chance that you’ve had to purchase car insurance. And if you’ve ever bought car insurance, you’ve probably wondered how your car insurance premium is calculated. So, what exactly do insurers consider when calculating car insurance pr...
Accessibility to resources and labor also can impact the premium rate. If the home is far from fire stations, the coastline, a high crime area, or a region prone to wildfires, prices are much higher because of the risk. The condition of a home also is considered by home insurance compan...
Costs of employer insurance are typically hidden from view. Each workplace is different, and they generally pay most or all of the premium for insurance that they offer. As insurance becomes more expensive, it may affect wages or other benefits that employers are able to deliver. All of the ...
The insurance premium is determined by the basic rate of the commodity, such as the amount, category, insurance risk, and destination country. If the export commodity is a specified cargo that needs premium, the premium is calculated on the basis of basic insurance premium plus premium and the...
Insurance policies: When comparing the premiums charged by a life insurance company against the amount of its death benefit, an individual can determine those policies that are more beneficial. The IRR is always higher during the early years of a policy because the insured has paid in a smaller...
Wondering which companies are the most likely to offer cheap car insurance after a crash? Find your state below to see the cheapest car insurance rates after an accident on average based on where you live. State Cheapest Company Average annual rate after an accident Alabama Auto-Owners $1,950...
How Accidents Impact Car Insurance Rates Find out how an accident may impact your car insurance premium and then how you can work to lower your premium again. How Premiums are Calculated Learn about the 8 common factors that affect how your car insurance premium is calculated. FAQ About Car...
Perhaps the insurance industry is to blame for the misunderstanding of replacement cost. In fact, the industry is almost totally to blame due to the continued misrepresentation of the definition. Insureds are routinely told that replacement cost means new for old, either directly or by implicati...
When you have an insurance policy, the company charges you money in exchange for that coverage. That cost is known as the insurance premium. Depending on thehealth insurance policy, you might pay the premium each month or on a semiannual basis. In some cases, you might be required to pay...
Commercial Insurance Loss Ratio Businesses with commercial property and liability policies are expected to maintain adequate loss ratios. Otherwise, they may face premium increases and cancellations. Consider a small used car dealer who pays $20,000 in annual premiums to insure their inventory. A hail...