I just got a billing statement for my homeowners insurance. Last year's annual premium was $1,016.50 -- and now my new annual premium is $1,289.00. (This upsets me because I have filed no claims.) How much of a percentage increase is this? I want to phone the company and "complain" (for all the good it will do), and I want to be able to say, "Hey - this is an increase of _____%!" But I'm not smart enough to do the math.
2006-07-12 03:08:00 · 11 answers · asked by Rhoda 3 in Science & Mathematics ➔ Mathematics
=1289/1016.50 = 1.268
This is a 26.8% increase over the previous year. I agree; this is a pretty exhorbitant increase.
2006-07-12 03:12:57 · answer #1 · answered by weirina85 3 · 0⤊ 0⤋
Ain't real smart either, but if memory serves this is an increase of 26.8%.
you subtract last year's premium from this year's premimum, then divide the result by last year's premimum and that is the precent of increase.
Thank you for helping bail out the insurance companies for the hurricane damage of last year. That is the good thing abooutinsurance, they spread the cost around so all of us get to pay for their salaries and misjudgement on preparing for weatehr related damages.
2006-07-12 03:20:54 · answer #2 · answered by Anonymous · 0⤊ 0⤋
26.8% (whew!)
But it may not be ALL the insurance company's fault, they base their premiums off of the "assessed valued", the same amount your city or county use to assess real estate taxes. Localities have been busy all over the country revising those numbers upwards to make up for money they are losing elsewhere (wouldn't it be nice if you & I could do that?), so that may be the root cause here.
You can appeal the assessment if you think it's unreasonable, compare it with the actual prices similar homes have sold for in your area lately.
Good luck!
2006-07-12 03:18:50 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Well, im glad that you came here for help. and hey you might also learn something. ok here we go. now to find a percent increase first you must determine the amount increased so you simply perform a simple subtraction calculation ($1,289.00-$1,016.50) which equals $272.50. now you take this number divide it by $1,016.50 ($272.50/ $1,016.50) which equals 0.268.......... now you take this number and multiply it by 100 and you get 27% because you are rounding but without rounding your exact answer would be several places long. ok i hope i helped more than confused. ok but remember this is not always the company's fault but yeah talk to them.
2006-07-12 03:52:39 · answer #4 · answered by Carpe Diem (Seize The Day) 6 · 0⤊ 0⤋
Divide the 432 pupils by skill of four. Multiply that answer by skill of three. which may be the three/4 that are curious about activities. those not in touch is 432 divided by skill of four. ...i imagine....wish that permits!
2016-12-10 08:26:30 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It is a 25.82% increase.
Basically they increased your premium $262.50 per year which is 25.82 percent of your 1st premium of $1016.50
2006-07-12 03:15:48 · answer #6 · answered by joycett73 1 · 0⤊ 0⤋
percentage increase=increase/original*100
=272.50/1016.50*100
=26.81%
2006-07-12 03:16:14 · answer #7 · answered by raj 7 · 0⤊ 0⤋
26.8% or 27% if u round off.
2006-07-12 11:29:26 · answer #8 · answered by ginny 1 · 0⤊ 0⤋
26.8%.
Btw, this is elementary math.
2006-07-12 03:13:18 · answer #9 · answered by natrinuretic 2 · 0⤊ 0⤋
26.8%
1289-1016.5=272.50
272.50/1016.5= 0.26807 = 26.8%
2006-07-12 03:31:00 · answer #10 · answered by whitebird002 3 · 0⤊ 0⤋