Robert wishes to obtain auto insurance. He wants 10/20/5 liability coverage, $250 deductible collision, and $100 deductible comprehensive. He lives in territory 3 and has been assigned to driver class 3 with a rating factor of 1.65. Based on Table 19-6 and Table 19-7, what would be his total premium (in $), if his 5-year old car is in model class X? Round your answer to the nearest cent.
Robert wishes to obtain auto insurance. He wants 10/20/5 liability coverage, $250 deductible collision, and $100 deductible comprehensive. He lives in territory 3 and has been assigned to driver class 3 with a rating factor of 1.65. Based on Table 19-6 and Table 19-7, what would be his total premium (in $), if his 5-year old car is in model class X? Round your answer to the nearest cent.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:TABLE 19-7 Motor Vehicle Insurance Annual Premiums-Collision and Comprehensive Rates
Territories 1 and 2
Territories 3 and 4
Collision
Comprehensive
Collision
Comprehensive
Model
Vehicle
$250
$500
Full
$100
$250
$500
Full
$100
Class
Age
Deductible
Deductible
Coverage Deductible Deductible
Deductible Coverage
Deductible
A-G
0-1
$89
$81
$63
$59
$95
$88
$67
$61
2-3
87
79
60
57
93
84
63
58
4-5
86
77
58
54
89
81
60
57
6+
84
76
55
50
86
78
57
52
H-L
0-1
96
92
78
71
104
95
83
75
2-3
93
89
76
68
101
90
80
72
4-5
89
85
74
66
96
87
78
68
6+
86
81
70
64
92
84
74
66
M-R
0-1
108
104
86
83
112
106
91
88
2-3
104
101
83
79
109
104
88
82
4-5
100
98
79
75
104
101
84
77
6+
94
90
75
71
100
96
80
74
S-Z
0-1
120
115
108
124
116
119
113
2-3
116
112
106
104
121
114
115
109
4-5
111
107
101
99
116
110
11
106
6+
108
103
98
96
107
108
101
TABLE 19-6 Motor Vehicle Liability Insurance Annual Premiums-Bodily Injury and Property Damage Rates
Bodily Injury Coverage ($000)
Property Damage Coverage ($000)
Driver
Territory
Class
10/20
15/30
25/50
50/100
100/300
5
10
25
50
100
$61
$73
$8
$92
$113
$46
$49
$53
$58
$64
2
63
75
81
94
116
48
51
55
61
66
3
65
78
84
98
118
52
54
58
63
69
4
69
81
86
101
121
54
56
60
65
71
66
75
83
93
114
56
63
68
73
77
69
77
88
98
117
58
64
70
75
79
3
75
82
92
104
119
59
66
71
76
82
4
78
86
95
109
122
62
67
73
78
84
3
1
73
77
84
95
116
64
65
72
76
81
78
83
86
99
119
66
69
74
80
83
3
84
88
92
103
124
70
73
77
82
85
4
87
93
95
106
128
72
78
81
85
89
77
81
86
99
118
76
78
83
88
92
81
86
93
103
121
79
83
87
91
95
87
92
100
106
126
80
84
88
93
97
4
90
94
103
11
132
84
86
91
94
100
Transcribed Image Text:Robert wishes to obtain auto insurance. He wants 10/20/5 liability coverage, $250 deductible collision, and $100 deductible comprehensive.
He lives in territory 3 and has been assigned to driver class 3 with a rating factor of 1.65.
Based on Table 19-6 and Table 19-7, what would be his total premium (in $), if his 5-year old car is in model class X? Round your answer to the nearest cent.
$
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