True or false and provide a complete and relevant explanation please.

Consider Brian with utility given by u = 0.5 ln W. Brian owns a car of value W = $15, 000. Driving a car is a risky activity and the probability of Brian being involved in a minor car accident is 10%. In that case the cost of repairs will be $2, 000. Brian is risk-averse and his willingness to pay for full coverage insurance is $35.