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What is the annual premium of Katy's car insurance if the base premium is 250.25 and the rating factor is 2.35?
Wiki User
∙ 13y ago
$588.09
7/7/10 Pace High School
Wiki User
∙ 13y ago
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What is the formula for annual premium?
Annual Premium= Annual Base Premium * Driver-Rating Factor To get annual base premium the formula is... Annual base Premium= Liability Premium + Collision Premium + Comprehensive Premium.
What is the annual premium if the base premium is 212.15 and the rating factor is 1.65?
$350.05
Calculate the annual premium for a policy with a base premium of 109.20 when the rating factor is 1.95?
When you're doing simple base premium, just multiply the base premium byt the rating factor. So 109.20 x 1.95, which is 212.94.
Colin has a full comprehensive premium of 32.00 and a 50.00 deductible collision premium of 120.40 His rating factor is 1.35 What is his annual premium?
205.74
What is a rating factor for car insurance?
The age of the driver.
Which of these is not a rating factor for car insurance?
Type of Work (A+)
What is an EMR Insurance Rating?
An EMR (experience modification rate) insurance rating is a way to determine the workers' compensation premiums for businesses. An annual basis is calculated and premiums can go up or down.
I got a ticket for following a car two closely at 50mph. Will my insurance rate go up?
Following to closely is considered a "Moving Violation". Moving violations are used as a rating factor for premium purposes. In short " Likely yes"
How long after an accident or ticket is your premium affected?
It usually affects your next renewal premium. It can vary depending on your state, the citation, and your insurance carrier. Normally speeding tickets stay on your record for three years for insurance rating purposes.
How are insurance premiums calculated?
Many factors are taken into account when insurance premiums are calculated, including age, health, length of cover, etc. For more information check out - investopedia.com/ask/answers/09/calculating-premium.asp
What is a flat extra premium on a life insurance policy?
flat extra premium methodIn life insurance, if a person does not meet health or other qualifications, insurance can be declined or rated. The flat extra premium method of rating the life insurance policy charges an extra flat dollar amount per $1,000 of policy value.http://ahtins.com/glossary/fff/f132.htm
Is auto insurance more expensive for teen drivers driving sports cars compared to regular vehicles?
Auto insurance rating multiplies the base insurance rate for a car times the factor for the driver. So a car which has bad experience, multiplied by teen driver (much more likely to kill someone in an accident), results in higher premium.
