Come on, Steve….how does a policy that costs $62,000, and then goes up by another $30,000, only incur a 16% increase? The article’s 48% figure is correct. You don’t need to be a math wizard to figure this one out!
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Last time I checked $29K was 48% of of $62K but I wasn’t a math wizard nor did I calculate the premiums here…Aim before you shoot…
Who was the math wizard that calculated that the premium increase was 48%? Given the two premiums, the increase is just under 17%.
Steve, you beat me to this….. 48%???
16 point something increase wouldn’t make as good of headlines to bash the
insurance industry with.
By my calculations this is a 48% increase. The premium went up $30,325. The percentage increase is 48%.
Is that how agents calculate premium increases?
Come on, Steve….how does a policy that costs $62,000, and then goes up by another $30,000, only incur a 16% increase? The article’s 48% figure is correct. You don’t need to be a math wizard to figure this one out!
“Editor’s note: A correction was made to this story since it originally ran.”
I assume the story was originally misprinted with a $72,000 premium rather than with the $92,000 figure.