Parking: Everyone parks in a three-car garage
Work:
Parent 1: ER doctor
Parent 2: graphic designer
Teen: delivers pizza
Parent 1’s driving history: 2 speeding tickets
Parent 2’s driving history: 1 significant at-fault accident
Teen’s driving history: No problems
Parent 1’s credit score: 703
Parent 2’s credit score: 692
I want to point out that there are reasons I’m using more versus less rather than actual figures for this chart and not declaring which family would pay more. First, this exact same scenario would almost definitely cost different amounts depending on which insurance company is used. Do you remember why? It all has to do with how the company does its underwriting. Secondly, while most married couples combine insurance, some may choose to have separate coverage. For example, the Smiths might consider this due to parent 2’s low credit score. Obviously, this would affect the overall amount the families pay in premiums. In addition, one or both of the families might have accident forgiveness, rendering those accidents irrelevant when it comes to premium costs.
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