Burning Cost

A pricing method that looks at a risk’s actual past losses over a period to estimate what future coverage should cost. Straight from the claims history.

This is a friendly general explanation, not legal or policy language. Exact coverage depends on your policy, carrier, and state. 🤝

Written and reviewed by the We Insure Things team — licensed independent insurance agents. Last reviewed July 23, 2026. Questions? Ask a licensed agent.