Calculate the Annual Premium for the Following Motor Vehicle Insurance

question 25

Short Answer

Calculate the annual premium for the following motor vehicle insurance policy. $$\begin{array} { l l l l l l l } \text { Territory } & \begin{array} { l } \text { Driver } \\\text { Class }\end{array} & \begin{array} { l } \text { Bodily } \\\text { Injury }\end{array} & \begin{array} { l } \text { Prop. } \\\text { Damage }\end{array} & \begin{array} { l } \text { Model } \\\text { Class }\end{array} & \begin{array} { l } \text { Vehicle } \\\text { Age }\end{array} & \begin{array} { l } \text { Comp. } \\\text { Deduct. }\end{array} \\\hline 1 & 4 & 100 / 300 & 100 & \mathrm { G } & 3 & \$ 100\end{array}$$ $$\begin{array} { l l l } \text { Rating } & \text { Coll. } & \text { Annual } \\\text { Factor } & \text { Deduct. } & \text { Premium } \\\hline \text { None } & \$ 250 &\end{array}$$

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Definitions:

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