Calculate the insurance costs.

Wearever Sash Company provides a car for the use of its salesmen. They wish to purchase bodily injury and property damage insurance in the amount of 100/300/25. If the company has no salesmen under twenty-five years old, what is their annual premium for this insurance?

A. 480.70

B. 647.90

C. 887.88

D. 1173.56

Question

Gabrielle Sanchez

Mathematics

14 August, 10:42

Calculate the insurance costs.

Wearever Sash Company provides a car for the use of its salesmen. They wish to purchase bodily injury and property damage insurance in the amount of 100/300/25. If the company has no salesmen under twenty-five years old, what is their annual premium for this insurance?

A. 480.70

B. 647.90

C. 887.88

D. 1173.56

+1

Answers (1)

Know the Answer?

Macey Schwartz · Answer 1

You really just need the little table they provide to figure this one out, but here we go!

First, you must find what class the person falls under. For this, it would be Class 3 since it is used for business purposes, but no male under 25 has driven it. You then find the premium for 100/300 under class 3, which is $549.70 and the property damage of 25,000 (The 25 in 100/300/25 means the damage in thousands), which is $98.20 and add the two together. So the total premium would be $647.90 in total annual premium.