Methods for reducing or holding down auto insurance premiums

Assignment Help Operation Management
Reference no: EM131129947

Paige, age 26, has purchased a new Ford sedan. She has a clean driving record. Collision coverage on the car in a small midwestern city where she lives would cost approximately $630 every six months with a $100 deductible, $566 with a $250 deductible, $492 with a $500 deductible, and $368 with a $1000 deductible. The state has a compulsory insurance law that requires minimum liability limits of $25,000/$50,000/$25,000.

Paige would like to purchase collision insurance with a $100 deductible because the out-of-pocket cost to repair her car in an accident where she is at fault would be relatively small. She wants to purchase the minimum liability limits, because she has few financial assets to protect. Paige is also concerned that she might be seriously injured by a driver who has no insurance.

Assume that Paige adds uninsured motorists coverage to her policy. Would she be completely protected against the financial consequences of a bodily injury caused by an uninsured driver? Explain your answer.

Paige would like to reduce her auto premiums because her monthly car payments are high. Explain to Paige the various methods for reducing or holding down auto insurance premiums.

Reference no: EM131129947

How do you believe value chain management works

Discuss how value chain helps companies create and build value for their clients and partnering organizations by answering the following questions, How do you believe value

Example of real project with real project manager.

Find any example of a real project with a real project manager. Feel free to use projects in the media (such as the Olympics, television shows, or movies) or a project from yo

Use the graphical procedure to find the optimal solution

Use the graphical procedure to find the optimal solution. Assume that the objective function coefficient for X changes from 8 to 6. Does the optimal solution change? Use the g

Certainty equivalent of the real estate investment

A young couple has $20,000 (90% of their savings) to invest in either savings bonds or a real estate deal. The (zero coupon) savings bonds return $25,000 ($5,000 interest) in

What is the safety stock level for this item

What is the safety stock level for this item? Round your answer to the nearest integer. Your answer is . (1 point) Note: use "NORMSINV" function in Excel to find the accurat

Checks and balances

In the exercise of "checks and balances" within thr federal government, (a) how does the federal judiciary exercise on the executive and legislative branches? (B) How do the e

Service quality at express airlines

Ben Kidd was a relatively new associate with Expres Airlines, a national carrier with extensive routes in the eastern half of the country. On one particular night, Ben was wor

Define what attributes constitute a quality improvement team

For the Course Project, you will prepare a quality improvement program. Continuous quality improvement covers many areas. Throughout the course, pay particular attention to

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd