How is auto insurance calculated?

Answer Your auto insurance premium is calculated based on the risk you pose to the insurance company. When you apply for auto insurance, an underwriter will calculate that risk and translate it into the c... Read More »

Top Q&A For: How is auto insurance calculated

If the insured cancels their own auto insurance policy how is the return premium calculated and is there a penalty?

Answer If you cancel your policy is will probably be short-rated which means you will be penalized for canceling. There are published factors but I can't give you the short rate factor without know... Read More »

If an out of state driver with no auto insurance has an accident in NJ is their health insurance or the NJ driver's auto insurance primary?

%REPLIES% Answer Someone's health insurance is not going to cover any injuries in an auto accident. That covered by the insurance on the vehicle. Since there wasn't any, it would appear the victim(... Read More »

Can an auto insurance carrier designate their med payments coverage secondary to any other health insurance in CA as a result of an auto loss?

This is sticky, not sure what you mean by 'designate' secondary. Assume you are saying your health insurance has to pay first and med pay picks up what's left? Yes, in some states that is the pract... Read More »

What penalties does an excluded spouse on auto insurance incur once their licence is reinstated and they try to obtain auto insurance again?

ther are no penalties for the situation you describe. All drivers are subject to the same rate structure. Violations within the last 3 to 6 years depending on the insurer are generally surcharged r... Read More »