Toby wishes to obtain auto insurance for his two-year-old car in model class H. He wants 50/100/50 liability coverage. He lives in Territory 1 and has been assigned to driver class 3 with a rating factor of 1.5. What would be his total premium? Round your answer to the nearest cent. Bodily injury coverage is $98 annually. Property damage is $63 annually. Collision with $250 deductible is $93 annually. Collision with $500 deductible is $89 annually. Full Coverage Comprehensive is $76 annually. Comprehensive with a $100 deductible is $68 annually.
Toby wishes to obtain auto insurance for his two-year-old car in model class H. He wants 50/100/50 liability coverage. He lives in Territory 1 and has been assigned to driver class 3 with a rating factor of 1.5. What would be his total premium? Round your answer to the nearest cent. Bodily injury coverage is $98 annually. Property damage is $63 annually. Collision with $250 deductible is $93 annually. Collision with $500 deductible is $89 annually. Full Coverage Comprehensive is $76 annually. Comprehensive with a $100 deductible is $68 annually.
Chapter10: Managing Property And Liability Risk
Section: Chapter Questions
Problem 2FPC
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Transcribed Image Text:Toby wishes to obtain auto insurance for his two-year-old car in model class H. He wants 50/100/50
liability coverage. He lives in Territory 1 and has been assigned to driver class 3 with a rating factor of
1.5. What would be his total premium? Round your answer to the nearest cent.
Bodily injury coverage is $98 annually.
Property damage is $63 annually.
Collision with $250 deductible is $93 annually.
Collision with $500 deductible is $89 annually.
Full Coverage Comprehensive is $76 annually.
Comprehensive with a $100 deductible is $68 annually.
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