How is vehicle damage insurance calculated?

[DelDonovan]

Vehicle damage insurance premium = (base premium + vehicle purchase price * rate) * discount factor. Below are the details of vehicle damage insurance: 1. Definition of vehicle damage insurance: Vehicle damage insurance is a type of commercial auto insurance where the insurance company compensates within reasonable limits for damages to the insured vehicle caused by an accident while being driven by the insured or an authorized driver. 2. Coverage of vehicle damage insurance: In the event of an insured incident, the insurer will bear the necessary and reasonable rescue expenses paid by the insured to prevent or reduce the loss of the insured vehicle, up to the amount of the insured sum.