Free Premium & Payment Calculators
Work out what an insurance premium is really made of
Four calculators for the price itself: build it from the rate per $1,000, see what the monthly plan adds in fees, project two premiums forward across the years you will hold them, and split a bill into coverage, fees and tax.
Insurance Premium Calculator
Calculate a premium from a rate per $1,000 of coverage, with surcharges, discounts, fees and tax applied in the order carriers use.
Result
Annual premium
$1,133
Monthly cost
$94
- Before adjustments
- $1,260
- Surcharge
- $0
- Discount
- $189
- Policy fee
- $40
- Premium tax
- $22
- Effective rate per $1,000
- $3.24
- Cost per day
- $3.10
This is an estimate based on the values you entered. Actual premiums, coverage, eligibility and pricing vary by provider and by individual circumstances.
The effective rate per $1,000 lets you compare quotes with different coverage amounts on the same basis.
Read the full guide, worked examples and FAQ for this calculator →
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Compare paying a premium monthly against paying it in full, including the instalment fees on every payment.
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Premium Comparison Calculator
Project two premiums forward at their own increase rates to find which is cheaper across the period you expect to hold the policy.
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Premium Breakdown Tool
Split a premium into coverage, fees and tax, and see what the payment schedule alone adds to the annual bill.
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A premium is quoted as one number and assembled from several. There is a rate applied to the coverage, surcharges and discounts applied in sequence, a policy fee that does not scale with anything, an instalment fee on every payment, and in many places a premium tax.
Knowing which is which changes what you can do about it. The rate is set by the carrier, the discounts are yours to claim, and the fees are largely a function of how you choose to pay - which is the part most people never look at.
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Premiums & Payments
Work out annual, monthly and per-payment costs, including fees and tax.
Why use InsurancePremiumTools
Rate per $1,000, the comparable number
A premium tells you nothing without knowing how much coverage it buys. The effective rate makes two quotes comparable even at different limits.
The real cost of paying monthly
Instalment fees multiply by twelve. The comparison expresses the difference as an implied cost of financing you can weigh against any alternative.
Sequence applied correctly
A 10% surcharge then a 15% discount is not a net 5%. Percentages apply in order, and the order changes the answer.
No sign-up, nothing stored
Every calculation runs in your browser. Nothing you enter is transmitted, and there is no account to create.
How it works
- Derive your rate per $1,000 by dividing the premium by the coverage in thousands.
- Use the premium calculator to price a different coverage amount at that rate.
- Check what your payment schedule is adding with the monthly comparison.
- Project both options forward before deciding which quote to accept.
Frequently asked questions
How do I find my rate per $1,000?
Divide the annual premium by the coverage amount in thousands. A $1,260 premium on $350,000 of coverage is $3.60 per thousand.
Why does paying monthly cost more?
Carriers charge an instalment fee on each payment and often price the monthly plan from a higher base. Across twelve payments that adds up to several percent of the premium.
Are policy fees refundable?
Frequently not. Many carriers treat them as fully earned when the policy is issued, so they are not returned on cancellation.
Can you tell me what my premium should be?
No. Rating tables are proprietary and filed by jurisdiction. These tools work from the figures on your own quote so you can check and compare them.
Do you collect my details?
No. There is no form that submits anything, no account, and no email requirement.