Auto Insurance

This tool does NOT provide an indication of which policy is a better investment.  It is intended to help the client select the policy that best meets his/her needs. See the help topic Protection Component Assumptions for more details.

Enter the current insurance alternative on the left.  Then enter a "better alternative" on the right.  The expectation is that the better alternative should have a lower annual premium.  Click Calculate to compare the two scenarios both in today’s dollars and at opportunity (future value of premiums).

No script is provided for this screen.

Premium as a % of Car Value

This tool shows the premium as a percent of the car value.  The formula is:

Premium as a % of Car Value = (Annual premium / Car Value) * 100

The result is displayed in percent.

Difference in Premiums at Interest (Future Value of Difference in Premiums)

The Difference in Premiums at Interest is calculated in a worksheet.  The result is in the bottom row of the column Difference in Premiums at End of Year.