I really have a hard time understanding my auto insurance bill/policy. In my case, it's AAA. For example, for 2017 I get the following policy for my car:
Now, on Dec 12 I add another car to my policy. Now I get a new policy that includes both cars and has updated numbers pro-rated:
As can be seen, the updated version states an additional premium of 10$.
- How do you get to this number?? I would have 441 - (400+14) = 27
- How does this prorating work? For which dates do these numbers state the premiums?
For example, in the original one, the total premium would be 441$ for a year ... from that I conclude 36.75 per month or 1.21 per day.
But for the second one, does the 400$ mean it is the total cost including the old rate from 31.12.2016 to 11.12.2017 and the new rate from 12.12.2018 to 31.12.2018?
Or does it mean it is the new rate converted to a full year?
Or something else?