Question

In order to lower his monthly auto insurance bill, Henry has decided to change his existing policy by increasing the deductible for both collision and comprehensive insurance to the highest amount permitted by his insurance company, AA Auto Insurance. His current monthly auto insurance bill, which includes a $250. 00 deductible for collision and a $50. 00 deductible for comprehensive, is $43. 79. How will Henry's monthly auto insurance bill be affected by the change? AA Auto Insurance Type of Insurance Coverage Coverage Limits Annual Premiums Bodily 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 a. $12. 48 b. $31. 31 c. $149. 75 d. $275. 75 Please select the best answer from the choices provided A B C D.

Answer 1

Answer:

12.48

Explanation:

Answer 2

The Amount of Henry's monthly auto insurance that is going to be affected by the change here is  $12. 48

How to solve for the effect on the monthly insurance

The amount for deductibe cohesion = $50.00

The amount for deductibe comprehensive = 43.79

50.0-43.79 = 6.24

The difference that is calculated here has been said to go by two instances. Therefore you have to multiply by 2

6.24 x 2 = 12.48

Therefore the amount of the auto insurance bill is $12.48

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