Discussion Topic: Michelle Hiland wants to purchase a motor vehicle insurance policy with bodily injury and property damage coverage in the amounts of $25/50/25.$ In addition, she wants collision coverage with $$500$ deductible and comprehensive with no deductible. Michelle is in driver classification $3$ and lives in territory $1.$ Her vehicle, a Toyota Prius, is in model class $P$ and is $3$ years old. Because she has taken driver training classes, Michelle qualifies for a $\mathrm{.}95$ rating factor. As Michelle's insurance agent, calculate her total annual premium by using the formula: