We would also have to account for profit (let’s say 3%) and all overheads (let’s say 15%). Average car insurance charge is c$2000 so we can say $380 of that is

We would also have to account for profit (let’s say 3%) and all overheads (let’s say 15%). Average car insurance charge is c$2000 so we can say $380 of that is probably overhead and profit. That leaves $1,640 left. $340B then divided by the number insured (230m) would be c$1,500 so with these very rough numbers there isn’t too much of a gap.