Answer :
To determine the annual premium for the full-coverage insurance plan with the highest coverage limits and the lowest deductibles available from Fret-No-More, we'll look at each category of coverage and select the options that meet these criteria.
1. Bodily Injury Coverage:
- [tex]$\$[/tex] 25 / 50,000[tex]$ with an annual premium of $[/tex]\[tex]$ 21.35$[/tex]
- [tex]$\$[/tex] 50 / 100,000[tex]$ with an annual premium of $[/tex]\[tex]$ 32.78$[/tex]
- [tex]$\$[/tex] 100 / 300,000[tex]$ with an annual premium of $[/tex]\[tex]$ 42.10$[/tex]
The highest coverage limit for bodily injury is [tex]$\$[/tex] 100 / 300,000[tex]$ with an annual premium of $[/tex]\[tex]$ 42.10$[/tex].
2. Property Damage Coverage:
- [tex]$\$[/tex] 25,000[tex]$ with an annual premium of $[/tex]\[tex]$ 115.50$[/tex]
- [tex]$\$[/tex] 50,000[tex]$ with an annual premium of $[/tex]\[tex]$ 142.44$[/tex]
- [tex]$\$[/tex] 100,000[tex]$ with an annual premium of $[/tex]\[tex]$ 193.78$[/tex]
The highest coverage limit for property damage is [tex]$\$[/tex] 100,000[tex]$ with an annual premium of $[/tex]\[tex]$ 193.78$[/tex].
3. Collision Coverage:
- [tex]$\$[/tex] 100[tex]$ deductible with an annual premium of $[/tex]\[tex]$ 490.25$[/tex]
- [tex]$\$[/tex] 250[tex]$ deductible with an annual premium of $[/tex]\[tex]$ 343.33$[/tex]
The lowest deductible for collision coverage is [tex]$\$[/tex] 100 with an annual premium of [tex]$\$[/tex] 490.25[tex]$. To find the total annual premium for the full-coverage insurance plan with the highest coverage limits and the lowest deductibles, we add up the premiums from each category: - Bodily Injury Coverage: $[/tex]\[tex]$ 42.10$[/tex]
- Property Damage Coverage: [tex]$\$[/tex] 193.78[tex]$ - Collision Coverage: $[/tex]\[tex]$ 490.25$[/tex]
Now, summing these up:
[tex]\[ \$ 42.10 + \$ 193.78 + \$ 490.25 = \$ 726.13 \][/tex]
Therefore, the annual premium for the full-coverage insurance plan with the highest coverage limits and the lowest deductibles available from Fret-No-More Auto Insurance is [tex]$\$[/tex]726.13$.
1. Bodily Injury Coverage:
- [tex]$\$[/tex] 25 / 50,000[tex]$ with an annual premium of $[/tex]\[tex]$ 21.35$[/tex]
- [tex]$\$[/tex] 50 / 100,000[tex]$ with an annual premium of $[/tex]\[tex]$ 32.78$[/tex]
- [tex]$\$[/tex] 100 / 300,000[tex]$ with an annual premium of $[/tex]\[tex]$ 42.10$[/tex]
The highest coverage limit for bodily injury is [tex]$\$[/tex] 100 / 300,000[tex]$ with an annual premium of $[/tex]\[tex]$ 42.10$[/tex].
2. Property Damage Coverage:
- [tex]$\$[/tex] 25,000[tex]$ with an annual premium of $[/tex]\[tex]$ 115.50$[/tex]
- [tex]$\$[/tex] 50,000[tex]$ with an annual premium of $[/tex]\[tex]$ 142.44$[/tex]
- [tex]$\$[/tex] 100,000[tex]$ with an annual premium of $[/tex]\[tex]$ 193.78$[/tex]
The highest coverage limit for property damage is [tex]$\$[/tex] 100,000[tex]$ with an annual premium of $[/tex]\[tex]$ 193.78$[/tex].
3. Collision Coverage:
- [tex]$\$[/tex] 100[tex]$ deductible with an annual premium of $[/tex]\[tex]$ 490.25$[/tex]
- [tex]$\$[/tex] 250[tex]$ deductible with an annual premium of $[/tex]\[tex]$ 343.33$[/tex]
The lowest deductible for collision coverage is [tex]$\$[/tex] 100 with an annual premium of [tex]$\$[/tex] 490.25[tex]$. To find the total annual premium for the full-coverage insurance plan with the highest coverage limits and the lowest deductibles, we add up the premiums from each category: - Bodily Injury Coverage: $[/tex]\[tex]$ 42.10$[/tex]
- Property Damage Coverage: [tex]$\$[/tex] 193.78[tex]$ - Collision Coverage: $[/tex]\[tex]$ 490.25$[/tex]
Now, summing these up:
[tex]\[ \$ 42.10 + \$ 193.78 + \$ 490.25 = \$ 726.13 \][/tex]
Therefore, the annual premium for the full-coverage insurance plan with the highest coverage limits and the lowest deductibles available from Fret-No-More Auto Insurance is [tex]$\$[/tex]726.13$.
