Home  APR Calculator

Most insurance companies offer you the right to choose among four payment plan options. Generally, you may pay premiums once a year (annually), twice a year (semi-annually), four times a year (quarterly), or twelve times a year (monthly).

This calculator is used to determine the total dollar amount and provide you with an approximate Annual Percentage Rate (APR) for any additional charge you may incur if you choose to pay your annual premium in installments. Simply plug in the numbers and you'll have the information you need to intelligently determine whether the additional cost of paying fractionally (monthly, quarterly, or semiannually) makes sense for you.