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5. Auto Insurance

Last updated over 1 year ago

6 questions

1

1

1

1

1

1

Question 1

1.

After recieving quotes from multiple insurance companies, it came down to AllState offering a 6 month insurance policy for $820 and Nationwide offering a 6 month insurance policy for $764. (Assuming all coverage is the same) Which company is providing the better deal and by how much?

All State by $56

Nationwide by $56

All State by $164

Nationwide by $164

Question 2

2.

Suppose an insurance plan covers $15,000 worth of liability insurance. Unfortunately the policyholder crashed into a brand new Volkswagen Jetta causing $23,000 worth of damage. The policy holder has a $750 deductible. How much will the policyholder have to pay for this accident total?

$750

$23,000

$7,250

$0

Question 3

3.

The most common auto insurance discount is paying the insurance in full. Suppose an insurance company offers a 6 month policy for $110 a month or you can pay it off all at once for $520. How much will someone save by paying it off in full?

$200

$140

$110

$600

Question 4

4.

All State is an insurance company that rewards good grades with a 10% off policy price. If your auto insurance costs $890, and you upload your 3.0 (or higher) GPA report card, how much will your auto insurance cost now?

$801

$89

$979

Question 5

5.

Some insurance companies offer discounts for bundling your insurance. Suppose State Farm is offering a 20% discount on homeowners insurance and a 10% discount on autoinsurance if you bundle your insurance plans.
If you are quoted for homeowners insurance $1300, how much will it cost you after the discount?

$1000

$1300

$1040

$1100

Question 6

6.

Some insurance companies offer discounts for bundling your insurance. Suppose State Farm is offering a 20% discount on homeowners insurance and a 10% discount on autoinsurance if you bundle your insurance plans.
If you are quoted for car insurance $540, how much will it cost you after the discount?

$680

$540

$486

$216