Question

David bought 50/100/25 policy with a $500 deductible on collision and $500 deductible on comprehensive coverage.

If the base premiums are $310, $175, $148, and $85, respectively, how much is his total base premium if her rating factor is 2.15?


$1,543.70

$1,254.50

$718.00

$324.22

Answer 1

Other answer is incorrect, her total base premium would be 1,543.70

Answer 2

The correct option as computed in the step-by-step explanation section below is $718,the third option

Explanation:

The total base premium payable by David on the 50/100/25 policy is the sum of the base premiums put together.

The base premiums are $310,$175.$148 as well as $85

Total base premiums=$310+$175+$148+$85=$718

The correct option then is the third which is the same as the total computed base premiums .