Speeding Points Premium Percent Lookup
Read actual rated speeding-point surcharge against verified caller insurer point table, not police offense conversion or universal traffic/insurance policy.
Description
Speeding-point premium adjustment depends on a verified insurer tier table.
Speeding-point premium adjustment depends on a verified insurer tier table. Lower-inclusive edges define when a surcharge changes.1
The returned values include Caller speeding surcharge basis points applied, Caller rounded premium adjustment minor. The How section below explains the calculation, input rules and interpretation.
When to use Speeding Points Premium Percent Lookup
Use Speeding Points Premium Percent Lookup when you need to evaluate the supplied records under the calculation and evidence rules below. No offense-to-points conversion or universal traffic/insurance policy is supplied.
Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.
How to use Speeding Points Premium Percent Lookup and understand its results
- Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.
- Enter observedRatedSpeedingPoints, callerSpeedingPointLowerEdges, callerSpeedingSurchargeBasisPoints, callerPrePointAnnualPremiumMinor using the field table and calculation rules, then run the tool.
- Read callerSpeedingSurchargeBasisPointsApplied, callerRoundedPremiumAdjustmentMinor. The explanation below defines the units, signs, ordering and any flags or placeholder values.
- If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.
| Input field | Meaning | Value type; see rules below | Requirement |
|---|---|---|---|
| observedRatedSpeedingPoints | Observed rated speeding points | number | Required |
| callerSpeedingPointLowerEdges | Caller speeding point lower edges | list of number | Required |
| callerSpeedingSurchargeBasisPoints | Caller speeding surcharge basis points | list of number | Required |
| callerPrePointAnnualPremiumMinor | Caller pre point annual premium minor | number | Required |
Enter nonnegative finite rated points, aligned nonempty finite strictly increasing lower edges beginning at zero, integer surcharge basis points 0–10000 and integer premium 0–10¹². Select the last reached tier, including the final unbounded tier; return rate and rounded adjustment.
rate=last tier with lowerEdge≤points; adjustment=roundMinor(premium×rate/10000) Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.
| Output field | Meaning | Value type |
|---|---|---|
| callerSpeedingSurchargeBasisPointsApplied | Caller speeding surcharge basis points applied | number |
| callerRoundedPremiumAdjustmentMinor | Caller rounded premium adjustment minor | number |
{
"input": {
"observedRatedSpeedingPoints": 15,
"callerSpeedingPointLowerEdges": [
0,
10,
20
],
"callerSpeedingSurchargeBasisPoints": [
0,
1000,
2000
],
"callerPrePointAnnualPremiumMinor": 10000
},
"output": {
"callerSpeedingSurchargeBasisPointsApplied": 1000,
"callerRoundedPremiumAdjustmentMinor": 1000
}
}Limitations and assumptions
No offense-to-points conversion or universal traffic/insurance policy is supplied.
Numeric inputs, where present, must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Numeric lists are limited to 10,000 entries; string lists to 128 strings of at most 128 characters each. The rules above may impose smaller limits. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors.
Alternative or Complementary methods
Use At Fault Surcharge Percent Table Lookup: At-fault surcharge tiers operate on already rated accident evidence. Selecting a tier cannot determine liability. For a complementary task, use Driver Age Surcharge Tier Lookup: Driver-age surcharges require explicit rating tiers. The tool uses a supplied numeric age without assigning its own age-risk model.
References
-
Speeding Points Premium Percent Lookup — tool.io
Similar or alternative tools
- At Fault Surcharge Percent Table Lookup
At-fault surcharge tiers operate on already rated accident evidence. Selecting a tier cannot determine liability.
- Driver Age Surcharge Tier Lookup
Driver-age surcharges require explicit rating tiers. The tool uses a supplied numeric age without assigning its own age-risk model.