As given via the Internet, auto insurance quotes gathered online could vary from $470 to $1,081....

 

 

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As given via the Internet, auto insurance quotes gathered online could vary from $470 to $1,081. A class 10 operator carries compulsory 10/20/5 insurance. He has the following optional coverage: bodily injury, 50/100; property damage, 10M; and collision, $200 deductible. His car is 5 year old, and the symbol of the car is 6. He has comprehensive insurance with a $200 deductible. (Use Tables 20.5. 20.6. 20.7, 20.8 and 20.9.) What is the total annual premium? Total annual premium TABLE 20-5 BODILY INJURY TO OTHERS DAMAGE TO SOMEONE ELSE'S PROPERTY Compulsory insurance (based on class of driver) Class 10/20 5M Class 10 $ 55 10 $129 17 98 17 160 18 80 18 160 20 116 20 186 Explanation of 10/20 and 5 10 20 5 Maximum paid to Maximum paid for total bodily injury per accident Maximum paid for property damage per accident one person per accident for bodily injury *M means thousands. TABLE 20-6 Class 15/30 20/40 20/50 25/50 25/60 50/100 100/300 250/500 500/1,000 Bodily injury 10 27 37 40 44 47 69 94 144 187 17 37 52 58 63 69 104 146 228 298 18 33 46 50 55 60 89 124 193 251 20 41 59 65 72 78 119 168 263 344 TABLE 20-7 Class 10M 25M 50M 100M Damage to someone else's 10 132 134 135 136 property 17 164 166 168 169 18 164 166 168 169 20 191 193 195 197 TABLE 20-8 Collision Symbol 6 $300 ded. Age Symbols 1-3 $300 ded. Symbol 4 $300 ded. Symbol 5 $300 ded. Symbol 7 $300 ded. Symbol 8 $300 ded. Symbol 10 $300 ded. Classes group 10-20 1 180 180 187 194 214 264 279 160 160 166 172 190 233 246 3 148 148 154 166 183 221 233 4 136 136 142 160 176 208 221 124 124 130 154 169 196 208 These classes would use all this information. Additional cost to reduce deductible To find the premium, use the age and symbol only. Class From $300 to $200 From $300 to $100 10 13 27 17 20 43 18 16 33 20 26 55 TABLE 20-9 Comprehensive Age Symbols 1-3 $300 ded. Symbol 4 $300 ded. Symbol 5 $300 ded. Symbol 6 $300 ded. Symbol 7 $300 ded. Symbol 8 $300 ded. Symbol 10 $300 ded. Classes group 10-25 1. 61 61 65 85 123 157 211 55 55 58 75 108 138 185 52 52 55 73 104 131 178 4 49 49 52 70 99 124 170 47 47 49 67 94 116 163 Additional cost to reduce deductible: From $300 to $200 add $4 As given via the Internet, auto insurance quotes gathered online could vary from $470 to $1,081. A class 10 operator carries compulsory 10/20/5 insurance. He has the following optional coverage: bodily injury, 50/100; property damage, 10M; and collision, $200 deductible. His car is 5 year old, and the symbol of the car is 6. He has comprehensive insurance with a $200 deductible. (Use Tables 20.5. 20.6. 20.7, 20.8 and 20.9.) What is the total annual premium? Total annual premium TABLE 20-5 BODILY INJURY TO OTHERS DAMAGE TO SOMEONE ELSE'S PROPERTY Compulsory insurance (based on class of driver) Class 10/20 5M Class 10 $ 55 10 $129 17 98 17 160 18 80 18 160 20 116 20 186 Explanation of 10/20 and 5 10 20 5 Maximum paid to Maximum paid for total bodily injury per accident Maximum paid for property damage per accident one person per accident for bodily injury *M means thousands. TABLE 20-6 Class 15/30 20/40 20/50 25/50 25/60 50/100 100/300 250/500 500/1,000 Bodily injury 10 27 37 40 44 47 69 94 144 187 17 37 52 58 63 69 104 146 228 298 18 33 46 50 55 60 89 124 193 251 20 41 59 65 72 78 119 168 263 344 TABLE 20-7 Class 10M 25M 50M 100M Damage to someone else's 10 132 134 135 136 property 17 164 166 168 169 18 164 166 168 169 20 191 193 195 197 TABLE 20-8 Collision Symbol 6 $300 ded. Age Symbols 1-3 $300 ded. Symbol 4 $300 ded. Symbol 5 $300 ded. Symbol 7 $300 ded. Symbol 8 $300 ded. Symbol 10 $300 ded. Classes group 10-20 1 180 180 187 194 214 264 279 160 160 166 172 190 233 246 3 148 148 154 166 183 221 233 4 136 136 142 160 176 208 221 124 124 130 154 169 196 208 These classes would use all this information. Additional cost to reduce deductible To find the premium, use the age and symbol only. Class From $300 to $200 From $300 to $100 10 13 27 17 20 43 18 16 33 20 26 55 TABLE 20-9 Comprehensive Age Symbols 1-3 $300 ded. Symbol 4 $300 ded. Symbol 5 $300 ded. Symbol 6 $300 ded. Symbol 7 $300 ded. Symbol 8 $300 ded. Symbol 10 $300 ded. Classes group 10-25 1. 61 61 65 85 123 157 211 55 55 58 75 108 138 185 52 52 55 73 104 131 178 4 49 49 52 70 99 124 170 47 47 49 67 94 116 163 Additional cost to reduce deductible: From $300 to $200 add $4

Answer rating: 100% (QA)

Answer and step by step explanation The total annual premium for the given scenario is 1792 Step 1 C... View the full answer