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 CoverageCoverage LimitsAnnual PremiumsBodily 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 full-coverage plan must include one option from each of the four categories. Choose the lowest annual premium in each: bodily injury, $21.35; property damage, $115.50; collision, $248.08; and comprehensive, $88.23. Their total is $21.35 + $115.50 + $248.08 + $88.23 = $473.16, so the cheapest full-coverage plan is $473.16 (choice A).
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