A homeowner has paid an annual premium of $1,500 for automobile insurance for 8 years, without filing a single claim. The homeowner gets into an accident during bad weather, and the car valued at $22,500 is totaled. The insurance company pays the claim for the full value of the car, and the homeowner replaces the car. What is the difference between the total premiums paid and what the homeowner would pay if they did not have automobile insurance? $1,500 $12,000 $10,500 $22,500