How to calculate car insurance premium formula with no doubt
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A vehicle insurance calculator uses the following formula to calculate the own damage premium for a car. Insured declared value or idv is the value of the car as estimated by the insurance company when a motor insurance application is made for the first time. Get results from 6 engines at once
Formula to calculate idv is:
The premium for your car insurance depends on the below mentioned factors: Ad search car premium insurance. A vehicle insurance calculator uses the following formula to calculate the own damage premium for a car. For east malaysia, the basic premium for a new car of each category =