How to calculate the percentage decrease in insurance premium?

Here's an example: We are looking for the percentage reduction in premium. Difference = Old premium - New premium. Percentage reduction = (Difference / Old premium) × 100.

Insurance Premium Reduction - How to Calculate Percentage Reduction from Premium Change

My insurance premium went down from $ to $ .
By what percentage was it reduced?

Contextual hints will appear here as you calculate

Incomplete data. Enter all required values to see the calculations.

Answer: My premium went down by %.

Round calculations to 2 decimal places

Type of calculation: Calculating percentage decrease.
How to use the calculator: Use the Percentage Change CALCULATOR ("What is the percentage change from the Original value to the New value?"). Enter the old premium 600 [Original] and the new one 540 [New]. It will show the percentage drop.
The formula:
We want the percentage change from $600 down to $540.
Percentage change = (($540 - $600) / $600) × 100% = ($-60 / $600) × 100% = -0.1 × 100% = -10% (minus confirms the decrease)