Question

Amy Miller’s insurance policy includes 25/100 bodily injury limits and $25,000 property damage. Her vehicle is in age group B and insurance rating group 14. She has a $50 deductible comprehensive and $50 deductible collision insurance. Miller’s driver-rating factor is 2.4. What is her annual premium?

Answer 1

It is possible to find answer on chegg.com

Answer 2

Here you are using two formulas:

Annual base premium = liability premium + collision premium + comprehensive premium

&

Annual premium = annual base premium x driver-rating factor

With this in mind:

319 + 305 + 121 = 745 745 x 2.4 = 1,788

Miller's annual premium is $1,788.