How is car insurance premium calculated?

1 Answers
VonJesse
07/30/25 9:02am
The cost of vehicle insurance is related to the method of underwriting, the chosen insurance company, the types of coverage selected, and the value of the vehicle itself. Relevant details are as follows: 1. Different insurance companies and various coverage options each have their own advantages, so you can choose based on your needs. The higher the insured amount and the value of the vehicle itself, the higher the required premium will be. 2. In the process of calculating the premium, one part is a fixed premium, while another part is calculated based on the insured amount and the corresponding rate. 3. Additionally, when renewing vehicle insurance, the cost calculation is linked to the number of previous claims made for the vehicle. If the vehicle has not had any claims, you can enjoy a discount when renewing the insurance.
Was this review help?
13
0
Share
More Forum Discussions

What Causes Unstable Voltage While Driving?

If the vehicle's voltage is unstable, it may indicate an issue with the alternator. Below is an analysis of potential alternator failure causes: 1. Loss or Weakness of Alternator Core Residual Magnetism: Newly installed units subjected to long-distance transport vibrations or prolonged storage may experience disappearance or weakening of core residual magnetism. This results in the disappearance of residual magnetic voltage or values lower than normal (residual magnetic line voltage <10V, phase voltage <6V). Since synchronous generator stators, rotors, and AC exciter stators/rotors typically use 1-1.5mm thick silicon steel laminations, residual magnetism can easily disappear or weaken after vibration exposure. 2. Incorrect Excitation Circuit Wiring: During alternator maintenance, accidental reversal of excitation winding polarity may cause the current-generated magnetic field to counteract residual magnetism. Additionally, measuring DC resistance of excitation windings or testing AVR (Automatic Voltage Regulator) without proper polarity attention during DC current application can also eliminate core residual magnetism. 3. Open Excitation Circuit: Poor electrical contacts, loose component connections, or broken leads in the excitation circuit may interrupt current flow, leaving AC generator excitation windings without current.
4
4
Share

What are the functions and benefits of paint coating?

Introduction to the benefits of paint coating: 1. Paint coating can protect the vehicle from minor daily scratches. Even when external forces exceed the elastic protection range of the coating, it usually only leaves scratches on the coating without damaging the paint surface. 2. Paint coating isolates the paint surface from the external environment, effectively preventing oxidation and resisting corrosion from bird droppings, insect fluids, acid rain, etc. 3. Paint coating can make the car paint shine like a mirror, making the body easier to clean and maintain. A simple rinse with water can restore its brightness as new, saving a lot on car washing costs. 4. Paint coating can enhance the brightness of the car surface, making the paint look crystal clear and radiant, with a brightness level of over 95% (new cars typically have around 70%).
14
0
Share

What does mode mean in a car?

In cars, mode generally refers to pattern or direction. Some functions of the mode button are explained below: 1. Mode on the multifunction steering wheel: If mode is located on the multifunction steering wheel, it is basically a button to switch between car multimedia modes, used to toggle between FM radio, AM radio, CD, or USB modes. Additionally, when listening to the radio, CD, or external audio source, pressing the MODE button will synchronize the display between the tachometer and speedometer with the system. 2. Mode for air conditioning control on the center console: If the mode button is in the air conditioning control area of the center console, it is used to switch the car's air conditioning outlet modes, generally toggling between modes such as foot vent, head vent, and windshield vent.
10
1
Share

Does the vehicle inspection validity period until July refer to the beginning or end of the month?

The annual inspection expiration date marked as July on the vehicle license refers to the end of July. Below are the regulations for different vehicle inspection cycles: 1. Commercial vehicles: Passenger transport vehicles must be inspected annually within the first 5 years; after 5 years, every 6 months. 2. Trucks: Trucks and large/medium-sized non-commercial passenger vehicles must be inspected annually within the first 10 years; after 10 years, every 6 months. 3. Small vehicles: Small and mini non-commercial passenger vehicles must be inspected every 2 years within the first 6 years, and those meeting exemption conditions only need to obtain inspection labels. Starting from November 20, 2020, 7-9 seat non-commercial mini/micro buses (excluding vans) are included in the exemption range.
11
3
Share

Which validity period applies when merging two driver's licenses?

The highest permissible vehicle type recorded on the driver's license serves as the standard for processing services. Below is extended information about license expiration: 1. Expired or revoked driver's license: Although the validity period is indicated on the license's inner page, many people overlook it. If the license has been expired for less than 1 year, the holder only needs to submit materials to the DMV within 1 year of expiration to renew it. 2. Driving with an expired license: Driving a motor vehicle with an expired license constitutes a violation and may result in fines. Driving after the license has been revoked may lead to fines and possible administrative detention.
10
5
Share

What is the seat height of the CFMOTO 250SR?

The seat height of the CFMOTO 250SR is 780mm. Related specifications: 1. Engine: Single-cylinder, liquid-cooled, four-stroke, with a displacement of 249ml. Bore × stroke is 72×61.2mm, and the maximum power is 20.5/9750kw(r/min). 2. Body: Length × width × height is 2010×750×1080mm, with a wheelbase of 1360mm. 3. Wheel specifications: Front wheel 110/70r17, rear wheel 140/60r17.
14
0
Share
Cookie
Cookie Settings
© 2025 Servanan International Pte. Ltd.