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Vesnalui [34]
3 years ago
7

In an effort to reduce cost on auto insurance, Sophia has lowered each component of her current plan to the cheapest possible op

tion. 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?
Business
1 answer:
MAXImum [283]3 years ago
5 0

Answer:

Sophia will save $38.15

Explanation:

If Sophia chooses the cheapest possible option, her choices will be:

bodily injury                        $25/50,000                   $21.35

property damage                 $25,000                      $115.50

collision                           $500 deductible            $248.08

<u>comprehensive               $100 deductible               $88.23  </u>

total premium                                                           $473.16

she will save $511.31 - $473.16 = $38.15

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