Question

The auto insurance plans available from Fret-No-More Auto Insurance are outlined in the table below. To be considered “full” coverage, an insurance plan must include one level of coverage from each category. What is the annual premium for the cheapest insurance plan available from Fret-No-More that is considered full coverage?

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

$500 deductible
$248.08

Comprehensive
$50 deductible
$105.79

$100 deductible
$88.23
a.
$473.16
b.
$490.72
c.
$715.33
d.
$732.89

Answer 1

Choose the cheapest option in each category and add:

Bodily Injury: $21.35
Property Damage: $115.50
Collision: $248.08
Comprehensive: $88.23

Total = 21.35 + 115.50 + 248.08 + 88.23 = $473.16

Answer: a.