Question

Jerry is currently insured through AA Auto Insurance, but would like to lower his auto insurance premium by at least $10 per month. His current insurance plan includes the $50/100,000 limit for bodily injury, $100,000 limit for property damage, a $250 deductible for collision, and a $50 deductible for comprehensive. Which of the following adjustments would allow Jerry to meet his goal? AA Auto Insurance Type of Insurance Coverage Coverage Limits Annual Premiums Bodily Injury $25/$50,000 $22.50 $50/100,000 $31.75 $100/300,000 $40.25 Property Damage $25,000 $120.50 $50,000 $144.75 $100,000 $193.00 Collision $100 deductible $520.00 $250 deductible $415.25 $500 deductible $275.75 Comprehensive $50 deductible $110.25 $100 deductible $100.00 a. Reduce bodily injury limits to $25/50,000. b. Reduce property damage to $25,000. c. Increase collision deductible to $500. d. Increase comprehensive deductible to $100. Please select the best answer from the choices provided A B C D

Answer 1

Answer:

c. Increase collision deductible to $500.

Explanation:

The adjustment of Increase collision deductible to $500 would allow Jerry to meet his goal.