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Art bought 25/50/100 liability with a $250 deductible on collision and $250 deductible on comprehensive coverage. If the base premiums are $220, $375, 185, and 102, respectively, how much is his total
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Art bought 25/50/100 liability with a $250 deductible on collision and $250 deductible on comprehensive coverage. If the base premiums are $220, $375, 185, and 102, respectively, how much is his total base premium?

User Bkbkbk
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1 Answer

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Total base premium = Summation of all base premiums

Base premiums are derived from insurance tables. For instance, 25/50 = $220 (body injury), 100 = $375 (property damage), At liability $250 = $185 and At comprehensive $250 = $102. Refer to figures attached.

That is,

Total base premium = 220+375+185+102 = $882
Art bought 25/50/100 liability with a $250 deductible on collision and $250 deductible-example-1
Art bought 25/50/100 liability with a $250 deductible on collision and $250 deductible-example-2
User Argie
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