Estimateur d'Assurance Automobile — Formule

Auto Insurance Cost Factors

Your premium depends on:

  • Vehicle value and type: Expensive cars cost more to insure
  • Coverage level: Liability-only is cheapest; comprehensive is most expensive
  • Deductible: Higher deductible lowers your premium
  • Driving record: Accidents and tickets increase rates
  • Location: Urban areas have higher rates than rural
  • Age and gender: Young drivers pay significantly more

    • Exemple Résolu

    $25,000 vehicle, $1,200 base rate, standard coverage, $500 deductible.

    1. Base rate = $1,200
    2. Coverage multiplier (standard) = 1.0
    3. Deductible adjustment ($500) = 1.0
    4. Annual premium = $1,200 x 1.0 x 1.0 = $1,200
    5. Monthly = $1,200 / 12 = $100