Finance Tools
Insurance Premium Increase Impact Calculator
Estimate how much a premium increase costs over time by comparing your current premium vs a higher premium across months or years.
Estimate how much extra you’ll pay after an insurance premium increase over a selected time horizon.
Current Premium
Increase Input
Time Horizon
Results
Tip: If your insurer quotes an annual premium, choose “Annual” frequency to compare accurately.
How to use this insurance premium increase impact calculator
- Enter your current premium amount and payment frequency (monthly or annual).
- Enter the premium increase as a percentage or as a new premium amount.
- Enter the number of months or years to project.
- Click Calculate to see added cost and cumulative totals.
Example
If your monthly premium is $200 and it increases by 15% for the next 12 months:
- New monthly premium = 200 × (1 + 0.15) = $230
- Extra paid per month = $30
- Extra paid over 12 months = $360
- Total premium over 12 months (new) = $2,760
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