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: $50/100,000
Property Damage: $100,000
Collision: $500 deductible
Comprehensive: $100 deductible

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.
$50.04
b.
$50.90
c.
$54.31
d.
$68.73

Based on the information given, it can be deduced that the monthly payment for the insurance plan will be A. $50.04.

An insurance simply means a protection from financial loss. It's simply used on hedging against the risk of an uncertainty.

A deductible simply means the amount of money that an individual will pay towards an insured loss. From the table, the monthly payment for the insurance plan will be $50.04.

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