Insurance Premium Calculations

An annual insurance premium is $1,200. What is the monthly premium?

• $100

• $120

• $150

• $200

A semi-annual insurance premium is $600. What is the quarterly premium?

• $150

• $200

• $300

• $400

An annual insurance premium is $1,500. A customer receives a 10% discount for safe driving. What is the discounted annual premium?

• $1,350

• $1,400

• $1,200

• $1,500

The discounted annual premium from problem 3 is $1,350. What is the monthly premium?

• $112.50

• $120.00

• $125.00

• $130.00

A car insurance policy has an annual premium of $900 with a $500 deductible. If the deductible is raised to $1,000, the annual premium is reduced by $150. What is the new annual premium?

• $750

• $800

• $850

• $900

An annual premium is $1,800. A customer gets a 5% discount for paying bi-annually. What is the bi-annual premium?

• $855

• $900

• $950

• $1,000

A policy has an annual premium of $1,600. A customer gets an 8% discount for a high security system, but has a 1,000 dollar deductible. What is the quarterly premium?

• $368

• $400

• $450

• $500

An annual premium is $2,400. A customer gets a 10% discount for bundling policies and a 5% discount for good credit. What is the monthly premium?

• $171

• $180

• $190

• $200

A homeowner's insurance policy has an annual premium of $1,000 with a $1,000 deductible. By increasing the deductible to $2,000, the annual premium is reduced by 20%. What is the new annual premium?

• $800

• $1,000

• $1,200

• $1,500

An annual insurance premium is $1,680. A customer gets a 5% discount for paying quarterly and a 3% discount for good grades. What is the quarterly premium?

• $387.03

• $400.00

• $420.00

• $450.00