Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Robert wishes to obtain auto insurance. He wants 10/20/5 liability coverage, $250 deductible collision, and $100 deductible comprehensive. He lives in territory 3 and has

Robert wishes to obtain auto insurance. He wants 10/20/5 liability coverage, $250 deductible collision, and $100 deductible comprehensive.

He lives in territory 3 and has been assigned to driver class 3 with a rating factor of 1.85.

Based on Table 19-6 and Table 19-7, what would be his total premium (in $), if his 5-year old car is in model class X? Round your answer to the nearest cent.

Bodily Injury Coverage ($000) Property Damage Coverage ($000)
10/20 15/30 25/50 50/100 100/300 5 10 25 50 100
1 1 $61 $73 $88 $92 $113 $46 $49 $53 $58 $64
2 63 75 81 94 116 48 51 55 61 66
3 65 78 84 98 118 52 54 58 63 69
4 69 81 86 101 121 54 56 60 65 71
2 1 66 75 83 93 114 56 63 68 73 77
2 69 77 88 98 117 58 64 70 75 79
3 75 82 92 104 119 59 66 71 76 82
4 78 86 95 109 122 62 67 73 78 84
3 1 73 77 84 95 116 64 65 72 76 81
2 78 83 86 99 119 66 69 74 80 83
3 84 88 92 103 124 70 73 77 82 85
4 87 93 95 106 128 72 78 81 85 89
4 1 77 81 86 99 118 76 78 83 88 92
2 81 86 93 103 121 79 83 87 91 95
3 87 92 100 106 126 80 84 88 93 97
4 90 94 103 111 132 84 86 91 94 100

Territories 1 and 2

Collision Comprehensive

Territories 3 and 4

Collision Comprehensive

Vehicle $250

$500 Full Deductible Coverage

$81 $63 79 60 77 58 76 55

$100 $250 Deductible Deductible

$59 $95 57 93 54 89 50 86

71 104 68 101 66 96 64 92

83 112 79 109 75 104 71 100

108 124 104 121 99 116 96 111

$500 Full $100

Model Class Age Deductible

Deductible Coverage

Deductible

AG 01 $89 23 87 45 86 6+ 84

$88 $67 $61 84 63 58 81 60 57 78 57 52

95 83 75 90 80 72 87 78 68 84 74 66

106 91 88 104 88 82 101 84 77

96 80 74

116 119 113 114 115 109 110 111 106 107 108 101

HL 01 23 93

45 89 6+ 86

MR 01 108 23 104 45 100 6+ 94

96 92 78 89 76

85 74 81 70

104 86 101 83 98 79 90 75

SZ 01 23 116

45 111 6+ 108

120 115 111 112 106

107 101 103 98

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Tools for Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

5th Edition

9781118560952, 1118560957, 978-0470239803

More Books

Students also viewed these Accounting questions