Alana wishes to obtain auto insurance. She wants 100/300/100 liability coverage, $250 deductible collision and full coverage comprehensive. She lives in territory 2 and has been assigned to driver class 2 with a rating factor of 1.25. Based on Table 19-6 and Table 19-7, what would be her total premium, if her three-year-old car were in model class L? (Round your answer to the nearest cent.)a. $355.00b. $365.00 c. $456.25d. $465.38 Territory1234DriverClass123412341234123410/20$61636569666975787378848777818790Bodily Injury Coverage ($000)15/30$7375788175778286778388938186929425/50$888184868388929584869295869310010350/100$9294981019398104109959910310699103106111100/300$1131161181211141171191221161191241281181211261325$46485254565859626466707276798084Property Damage Coverage ($000)10$4951545663646667656973787883848625$5355586068707173727477818387889150$58616365737576787680828588919394100$646669717779828481838589929597100 Model Vehicle $250ClassA-GH-LM-RS-ZAge Deductible0-1$892-3874-5866+840-12-34-56+TIIT TII0-12-34-50-12-34-56+9693898610810410094Collision120116111108Territories 1 and 2$500Deductible$81797776928985811041019890115112107103ComprehensiveFullCoverage$6360585578 76 74 708683797511110610198$100$250Deductible Deductible$59$95579354895086716866648379757110810499961041019692112109104100124121116111Territories 3 and 4Collision$500FullDeductible Coverage$88$678463816078579590878410610410196Comprehensive11611411010783 80 78 7491888480119115111108$100Deductible$615857527572686688827774113109106101

The regular sum of money the insurance company charges the policyholder is known as an insurance…

Answered: Alana wishes to obtain auto insurance.…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Alana wishes to obtain auto insurance. She wants 100/300/100 liability coverage, $250 deductible collision and full coverage comprehensive. She lives in territory 2 and has been assigned to driver class 2 with a rating factor of 1.25. Based on Table 19-6 and Table 19-7, what would be her total premium, if her three-year-old car were in model class L? (Round your answer to the nearest cent.)

a. $355.00

b. $365.00

c. $456.25

d. $465.38

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

Model Vehicle $250
Class
A-G
H-L
M-R
S-Z
Age Deductible
0-1
$89
2-3
87
4-5
86
6+
84
0-1
2-3
4-5
6+
TIIT TII
0-1
2-3
4-5
0-1
2-3
4-5
6+
96
93
89
86
108
104
100
94
Collision
120
116
111
108
Territories 1 and 2
$500
Deductible
$81
79
77
76
92
89
85
81
104
101
98
90
115
112
107
103
Comprehensive
Full
Coverage
$63
60
58
55
78 76 74 70
86
83
79
75
111
106
101
98
$100
$250
Deductible Deductible
$59
$95
57
93
54
89
50
86
71
68
66
64
83
79
75
71
108
104
99
96
104
101
96
92
112
109
104
100
124
121
116
111
Territories 3 and 4
Collision
$500
Full
Deductible Coverage
$88
$67
84
63
81
60
78
57
95
90
87
84
106
104
101
96
Comprehensive
116
114
110
107
83 80 78 74
91
88
84
80
119
115
111
108
$100
Deductible
$61
58
57
52
75
72
68
66
88
82
77
74
113
109
106
101

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