Finance Tools
Short-Term vs Annual Insurance Cost Calculator
Compare short-term insurance vs annual insurance by estimating total cost over your coverage period and finding the break-even point.
Short-Term vs Annual Insurance Cost Calculator
Compare short-term insurance to an annual policy over your actual coverage period and estimate the break-even point.
How to use this short-term vs annual insurance cost calculator
- Enter how long you need coverage (days or months).
- Enter the short-term insurance rate (per day or per month).
- Enter the annual insurance premium.
- Estimate total cost for both options over your coverage period.
- See which option is cheaper and the break-even duration.
Example
If you need 3 months of coverage, short-term insurance costs $120/month, and an annual policy costs $900/year:
- Short-term total = 3 × $120 = $360
- Annual total (prorated) = $900 × (3/12) = $225
- Annual is cheaper over 3 months in this example
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