The Flamingo Cab Company of Cougar Creek is interested in purchasing $250 deductible collision insurance and full-coverage comprehensive insurance to cover its fleet of 10 taxicabs. As a requirement for the job, all drivers already carry their own liability coverage in the amount of 100/300/100. Cougar Creek is rated as territory 3. Five of the cabs are 4-year-old Checker Towncars, model class Y. Three of them are 2-year-old Chrysler station wagons, model class R. The remaining two are new Buick sedans, model class C. Because the vehicles are on the road almost 24 hours a day, they are considered to be very high risk and carry a rating factor of 5.4. They are, however, subject to an 16% multi-vehicle fleet discount. (a) As the insurance agent for Flamingo Cabs, use Table 19-7 to calculate the total annual premium (in $) for the fleet. $ (b) When the owner saw your rate quote, he exclaimed, "Too expensive! How can I save some money on this insurance?" At that point, you suggested changing the coverage to $500 deductible collision and $100 deductible comprehensive. Using Table 19-7, how much can you save (in $) Flamingo by using the new coverage? (Round your answer to the nearest cent.) $

TABLE 19-7 Motor Vehicle Insurance Annual Premiums_Collision and Comprehensive Rates (a) As the insurance agent for Flamingo Cabs, use Table 19-7 to calculate the total annual premium (in \$) for the fleet. $ $ TABLE 19-7 Motor Vehicle Insurance Annual Premiums_Collision and Comprehensive Rates (a) As the insurance agent for Flamingo Cabs, use Table 19-7 to calculate the total annual premium (in \$) for the fleet. $ $