To an insurer, you are a statistic. Your premiums are based on your risk factors, including your credit rating. Bad credit increases the amount you pay for your premiums. Make certain to check your credit report annually for accuracy. Only premium for bodily injury and property damage should be calculated, not the whole premium. (Use tables 20.5, 206, 20.7.) a. Calculate the premium for someone in class 17 for 10/20/5. Note: This premium is for compulsory insurance. Premium b. Determine how much the premium will be for class 17, 50/100/25. Premium c. What is the difference between the two? TABLE 20-5 BODILY INJURY TO OTHERS Class 10/20 Compulsory insurance (based on class of driver) DAMAGE TO SOMEONE ELSE'S PROPERTY Class 5M 10 $129 17 160 18 160 10 $ 55 98 17 18 80 116 20 186 20 Explanation of 10/20 and 5 10 Maximum paid to one person per accident for bodily injury 20 Maximum paid for total bodily injury per accident 5 Maximum paid for property damag per accident "M means thousands. TABLE 20-6 Class 15/30 20/40 20/50 25/50 25/60 50/100 100/300 250/500 500/1,000 Bodily injury 10 27 37 40 44 47 69 94 144 187 17 37 52 58 63 69 104 146 228 298 18 33 46 50 55 60 89 124 193 251 20 41 59 65 72 78 119 168 263 344 TABLE 20-7 Class 10M 25M 50M 100M 10 132 134 135 136 Damage to someone else's property 17 164 166 168 169 18 164 166 168 169 20 191 193 195 197