Final answer:
The combined collision and comprehensive premium for each driver would be $1,860 annually to cover the total incurred damage costs of $186,000 among 100 drivers, without accounting for individual risk identifiers such as Symbol 6 or Age 5.
Step-by-step explanation:
Calculating the combined collision and comprehensive premium requires an understanding of how the insurance company prices its products to cover potential losses and generate profit. In the given scenario of automobile insurance, dividing 100 drivers into three risk groups results in a total damage cost of $186,000 for the year. Assuming that each driver cannot be identified as low-risk, medium-risk, or high-risk beforehand, the insurance company would need to collect a premium from each driver to cover this cost.
If all drivers are charged an equal premium, the calculation is straightforward: $186,000 in total damages divided by 100 drivers. Therefore, each driver would need to pay a premium of $1,860 annually to collectively cover the total cost of damages. This premium does not factor in the individual symbol, age, or deductible directly, but instead illustrates how the total cost of insurance is divided among policyholders.