Pro Rata Insurance Calculator

Pro Rata Insurance Calculator

Calculate the proportional cost of an insurance policy for a specific period. This is useful when an insurance policy is started or cancelled mid-term.

Result:

function calculateProRata() { var annualPremium = parseFloat(document.getElementById("annualPremium").value); var policyStartDateStr = document.getElementById("policyStartDate").value; var policyEndDateStr = document.getElementById("policyEndDate").value; var calculationDateStr = document.getElementById("calculationDate").value; var resultDiv = document.getElementById("result"); resultDiv.innerHTML = ""; // Clear previous results if (isNaN(annualPremium) || annualPremium endDate) { resultDiv.innerHTML = "Policy start date cannot be after the policy end date."; return; } if (calcDate endDate) { resultDiv.innerHTML = "Calculation date must be within the policy period."; return; } // Calculate the total duration of the policy in days // Add 1 to include both the start and end days for duration calculation var policyDurationMs = endDate.getTime() – startDate.getTime(); var policyDurationDays = Math.floor(policyDurationMs / (1000 * 60 * 60 * 24)) + 1; // Calculate the number of days from the policy start date to the calculation date // Add 1 to include both the start and calculation days for duration calculation var daysCoveredMs = calcDate.getTime() – startDate.getTime(); var daysCovered = Math.floor(daysCoveredMs / (1000 * 60 * 60 * 24)) + 1; // Calculate the pro rata cost var proRataCost = (annualPremium / policyDurationDays) * daysCovered; resultDiv.innerHTML = "The pro rata cost of the insurance up to " + calcDate.toLocaleDateString() + " is: $" + proRataCost.toFixed(2) + ""; } .insurance-calculator-wrapper { font-family: sans-serif; border: 1px solid #ccc; padding: 20px; border-radius: 8px; max-width: 500px; margin: 20px auto; background-color: #f9f9f9; } .calculator-inputs h2 { text-align: center; color: #333; margin-bottom: 15px; } .calculator-inputs p { text-align: center; color: #555; margin-bottom: 25px; font-size: 0.9em; } .input-group { margin-bottom: 15px; display: flex; flex-direction: column; } .input-group label { margin-bottom: 5px; font-weight: bold; color: #444; } .input-group input[type="number"], .input-group input[type="date"] { padding: 10px; border: 1px solid #ccc; border-radius: 4px; font-size: 1em; box-sizing: border-box; /* Ensures padding doesn't affect width */ } .input-group input[type="date"] { color: #555; /* Makes placeholder text visible */ } button { background-color: #4CAF50; color: white; padding: 12px 20px; border: none; border-radius: 4px; cursor: pointer; font-size: 1.1em; width: 100%; margin-top: 10px; transition: background-color 0.3s ease; } button:hover { background-color: #45a049; } .calculator-results { margin-top: 25px; border-top: 1px solid #eee; padding-top: 20px; } .calculator-results h3 { text-align: center; color: #333; margin-bottom: 10px; } #result { text-align: center; font-size: 1.2em; color: #007bff; font-weight: bold; }

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