Question
Below is the information from a brochure for Fret-No-More Auto Insurance outlining the insurance coverage options they offer. To be considered "full" coverage, an insurance plan must include one level of coverage from each category. What is the annual premium for the full-coverage insurance plan with the highest coverage limits and the lowest deductibles available from Fret-No-More? multicolumn(3)(|c|)( Fret-No-More Auto Insurance ) Type of Insurance Coverage & Coverage Limits & Annual Premiums Bodily Injury & 25 / 50,000 & 21.35 & 50 / 100,000 & 32.78 & 100 / 300,000 & 42.10 & & Property Damage & 25,000 & 115.50 & 50,000 & 142.44 & 100,000 & 193.78 & & Collision & 100 deductible & 490.25 & 250 deductible & 343.33
Answer
4
(279 Votes)
Charlotte
Professional · Tutor for 6 years
Answer
To find the annual premium for the full-coverage insurance plan with the highest coverage limits and the lowest deductibles available from Fret-No-More, we need to select the highest coverage limits and the lowest deductibles from each category and then sum up their corresponding annual premiums.Let's go through each category step-by-step:1. **Bodily Injury**: The highest coverage limit available is
42.10.2. **Property Damage**: The highest coverage limit available is
193.78.3. **Collision**: The lowest deductible available is
490.25.Now, we add up the annual premiums for each of these selections to get the total annual premium for the full-coverage insurance plan:Bodily Injury:
193.78Collision:
42.10 +
490.25Let's calculate the total:Total Annual Premium =
193.78 +
726.13**The annual premium for the full-coverage insurance plan with the highest coverage limits and the lowest deductibles available from Fret-No-More is $726.13.**