The table below lists the insurance options offered by AA Auto Insurance. Calculate the monthly payment for an insurance plan including the following options:Bodily Injury: $50/100,000Property Damage: $100,000Collision: $500 deductibleComprehensive: $100 deductibleAA Auto Insurance Type of Insurance CoverageCoverage LimitsAnnual PremiumsBodily Injury $25/$50,000$22.50 $50/100,000$31.75 $100/300,000$40.25 Property Damage$25,000 $120.50 $50,000 $144.75 $100,000 $193.00 Collision$100 deductible$520.00 $250 deductible$415.25 $500 deductible$275.75 Comprehensive$50 deductible$110.25 $100 deductible$100.00
Add the annual premiums for the selected coverages: $31.75 for bodily injury, $193.00 for property damage, $275.75 for collision, and $100.00 for comprehensive. The annual total is $600.50; dividing by 12 gives about $50.04 per month, so the correct choice is $50.04.
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