Question

Clive Williams is the principal operator of his vehicle. His driver-rating factor is 2.8 and his car is in age group D and insurance-rating group 11. The coverage he wants to purchase is 50/100 bodily injury and $100,000 for property damage. He would also like to have $50 deductible for both comprehensive and collision. What is his annual premium?

Answer 1

$1,825.60

Explanation:

50/100 bodily injury and $100,000 for property damage costs $357.

Since Clive wants a $50 collision deductible and he belongs to the age group D and has an insurance-rating group 11, that will cost him $222.

A $50 comprehensive deductible (same parameters as before) will cost him $73.

Now we must add up $357 + $222 + $73 = $652, and multiply times the Clive's driver rating = $652 x 2.8 = $1,825.60