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What else can I help you with?
What is a car insurance premium?
A car insurance premium is the amount of money paid to an insurance company for a 6 month period. It is cheaper to pay the full premium that pay each month.
Does gwp gross written premiums include taxes?
Gross Written Premium includes commissions (to broker/agents) and reinsurance. But it excludes insurance premium tax.
What is the average premium for md car insurance?
In 2009 the average auto insurance premium for residents in Maryland is $2,295.
How do you calculate gross premium on goods in transit?
To calculate the gross premium on goods in transit, first determine the total value of the goods being transported. Next, assess the risk factors associated with the transit, such as the mode of transportation and distance, to establish the appropriate insurance rate. Finally, multiply the total value by the insurance rate to obtain the gross premium. Ensure to consider any additional factors or endorsements that may affect the premium.
If you hit the garbage can with your car will the insurance company increase your premium?
no
Can you be added to your parent's car insurance?
Yes, it is possible to be added to your parent's car insurance, but there may be an extra premium to be payed.
Can you get car insurance on your car without a drivers license?
Yes, insurance is designed to protect the car as well as a driver. If you are not driving it at all, then the insurance premium should be lower.
What is the annual premium of Katy's car insurance if the base premium is 250.25 and the rating factor is 2.35 (Round to the nearest cent.)?
To calculate Katy's annual car insurance premium, multiply the base premium by the rating factor: (250.25 \times 2.35 = 587.5875). Rounding this to the nearest cent, the annual premium is $587.59.
Does insurance cost more on new car than old?
Yes, if you take out collision and comprehensive insurance. The more the car is worth the higher the insurance premium.
Which of the following affects one's car insurance premium?
Age of the driver.
What companies in Ohio offer car insurance for bad drivers?
You can get a free quote for you car insurance from safeauto.com. Simply select your state and fill out the application. If you have had a car accident before, or you are likely to have an accident, your premium may be higher, so you might want to choose an insurance company with a lower premium.
What does Net of Commission mean. can anyone help to define please?
In insurance, it is the policy premium without the producer or broker's commission. So, if your premium is $100,000 and commission is 7%, Gross Written Premium is $107,000. Your premium net of commission is $100,000.
