Bill is purchasing motor vehicle insurance with bodily injury and property damage coverage in the amounts of 50/100/50. In addition, he wants collision coverage with a $500 deductible and comprehensive with a $100 deductible. Bill is in driver classification 3 and lives in territory 2. His vehicle is in model class M and is 5 years old. Because Bill has multiple points on his driving record, he is assigned a rating factor of 1.3. Calculate Bill's total annual premium. Annual motor vehicle insurance premium