ANNUAL AUTOMOBILE COLLISION INSURANCE RATES

A [tex]$50$[/tex]-deductible insurance policy for a full-size car, three years old, with a driver in Class 1. What is the annual premium?

A. [tex]$128
B. $[/tex]112
C. [tex]$96
D. $[/tex]80

Question

04-07-2024
Mathematics

Answered

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ANNUAL AUTOMOBILE COLLISION INSURANCE RATES

A [tex]$50$[/tex]-deductible insurance policy for a full-size car, three years old, with a driver in Class 1. What is the annual premium?

A. [tex]$128
B. $[/tex]112
C. [tex]$96
D. $[/tex]80

Sagot :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-04T19:00:00-04:00

To determine the annual premium for a [tex]$\$[/tex]50[tex]$-deductible insurance policy for a full-size car that is three years old and driven by a driver in Class 1, follow these steps: 1. Identify the most appropriate premium amount: We have four different options for annual premiums: - \$[/tex]128
- \[tex]$112 - \$[/tex]96
- \[tex]$80 2. Understand the details of the insurance policy: The policy in question specifies a deductible of \$[/tex]50, is for a full-size car that is three years old, and the driver falls into Class 1.

3. Select the premium based on the description provided: Each detail (deductible, car size, car age, driver class) can affect the cost of the insurance premium. However, for this particular scenario, we are looking to choose the right premium from the options given.

4. Determine the annual premium: For the specified conditions (full-size car, three years old, driver in Class 1), the annual premium is given as one of the four values. Given the context, the selected premium is \[tex]$128. Thus, the annual premium for a \$[/tex]50-deductible insurance policy for a full-size car, three years old, with a driver in Class 1 is \$128.

Sagot :

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