Solve clearly.

Assignment 5.3 Insurance Costs Total: 21 marks 1. Use the 2011 Basic Rate Table and the 2011 Passenger Vehicle Rate Groups table to answer the following questions: a) Do vehicles with lower ratings or higher ratings generally have a more expensive Autopac rate? (1 mark) b) Consider the table. If you wanted to purchase a vehicle with a less expensive Autopac rate, should you buy a newer vehicle or an older vehicle? Explain. (2 marks)