Question

In an effort to reduce cost on auto insurance, Sophia has lowered each component of her current plan to the cheapest possible option.  Sophia’s current insurance agency is Fret-No-More Auto Insurance, whose policy options are listed below.  The annual premium for Sophia’s current policy is $511.31.  What decrease in her annual premium will Sophia see after the change?
Fret-No-More Auto Insurance

Type of Insurance Coverage

Coverage Limits

Annual Premiums

Bodily Injury

$25/50,000

$21.35

 

$50/100,000

$32.78

 

$100/300,000

$42.10

   

Property Damage

$25,000

$115.50

 

$50,000

$142.44

 

$100,000

$193.78

   

Collision

$100 deductible

$490.25

 

$250 deductible

$343.33

 

$500 deductible

$248.08

   

Comprehensive

$50 deductible

$105.79

 

$100 deductible

$88.23

a.

$20.59

b.

$38.15

c.

$57.10

d.

$60.88

Answer 1

The answer is: B) $38.15

Answer 2

Invests will reset, so you're right. thanks