Five years ago, you bought a 1996 Honda Accord. For the past 5 years, you have faithfully paid $325 every 6 months for collision coverage which has a $500 deductible. This morning, your car had a book value of $1,300. On your way home from work, you crash into a tree. The car can still be driven but has $1,500 damage to the car body. If you file a claim, how much money will you receive from your insurance company?

Group of answer choices

$500

$800

$1,200

$1,500