A 26-year-old male buys 100/300/100 liability insurance, collision insurance with a $100 deductible, and comprehensive insurance
with a $250 deductible What is his total annual premium? Liability Insurance Type Bodily injury Amount Premium 25/50 $220 50/100 $310 100/300 $450 25 $175 50 $245 100 $375 Property damage Collision & Comprehensive Premiums Deductible Collision Comprehensive $215 $129 $250 $185 $102 $500 $148 $85 $100 Rating Factor a Male 3.0 Female 1.45 Age 17-20 21-24 25-29 1.2 215 1.55 1.0 $1142.00 $1765.45 $1770.10 $1785.25
1 answer:
Correct me if I’m wrong, I believe you have to add all of those numbers together. Then divide after and plug in those remaining digits
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