Question

 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 »
http://www.answerbag.com/q_view/1869612

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 »
http://wiki.answers.com/Q/If_the_insured_cancels_their_own_auto_insurance_policy_how_is...

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 »
http://wiki.answers.com/Q/Can_an_auto_insurance_carrier_designate_their_med_payments_co...

If your auto is hit the other driver's auto insurance pays all medical expenses and so does your health insurance must you reimburse your company?

Answer You do not have to reimburse your insurance company if the accident is the fault of the other driver and the claim is made on their insurance. If the accident is the fault of the other drive... Read More »
http://wiki.answers.com/Q/If_your_auto_is_hit_the_other_driver%27s_auto_insurance_pays_...

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 »
http://wiki.answers.com/Q/What_penalties_does_an_excluded_spouse_on_auto_insurance_incu...


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