How does the insurance calculator work?
Enter your monthly premium, how many claims you expect to file over 10 years and the average value of a claim. The calculator totals 120 months of premiums, totals your expected claims and shows the difference as a return on investment.
Should insurance have a positive ROI?
Usually not, and that is fine. Insurance pays for protection against a loss you could not easily absorb. A negative ROI means you paid more than you claimed, which is the result most policyholders hope for. Use the number to compare policies and premiums, not to decide whether coverage is worthwhile.
Which insurance calculator should I use?
The calculators below start with typical premiums and claim values for each kind of coverage, and they explain what affects your costs.