Question

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​

Answer 1

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

Answer 2

Answer: $1770.10

Explanation:

Step 1.

450+ 375= 825

Step 2.

825+ 215+ 102= 1142

Step 3.

1142 × 1.55= 1770.1