Question

For the past 16 months, susie has been paying $126.50 each month to her insurance company. after causing an accident last month, her insurance company notified her that her monthly payment will be increased by $21.25. what increase in her annual premium did susie’s insurance company apply as a result of the accident? a. $21.25 b. $125.60 c. $147.75 d. $255.00 please select the best answer from the choices provided a b c d

Answer 1

The annual premium of Susie's insurance company apply as a result of accident is $255 for an year. This is because the monthly insurance payment has been increased by $21.25.

What is Health insurance?

Health insurance or the medical insurance is an insurance which covers the whole or a part of the risk of a person which is incurring the medical expenses. Depending upon the health insurance plan, the risk is shared among many individuals.

Main body:

The increase in monthly insurance payment = $21.25

So, the annual increase in the premium amount paid by Susie will be:

Monthly increase in insurance payment × 12

(As there are 12 months in an year)

Annual increase in premium amount = $21.25 × 12

Annual increase in premium amount = $255

Therefore, the annual increase in the amount of premium paid by Susie for health insurance is $225.

Learn more about Health insurance here:

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