An actuary studying the insurance preferences of automobile owners (statistics)?

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An actuary studying the insurance preferences of automobile owners (statistics)? He makes the following conclusion: (i) An automobile owner is twice as likely to buy collision coverage as disability coverage. (ii) The event that an automobile owner purchases collision coverage is independent of the event that he/she buys disability coverage. (iii) The probability that an automobile owner buys both collision and disability coverage is 0.15. What is the probability that an automobile owner buys neither collision nor disability coverage? ^That's the question. I don't necessarily need the answer so much as I'd like to know how to do it, so a walk-through with/without the answer or just a formula/tips on how to get started will suffice. Whatever you find best. All help is appreciated, and thank you! Related

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pay for it. The car is a black 2002 jetta 1.8 turbo from a small local dealer and has 140,000 miles. Im currently still paying it off and the car cost me $6000. Here is my concern, they haven't told me how much they plan to give me for my jetta but i went on craigslist and the average cost for a 2002 jetta 1.8t is around what i paid from $5000-$6000, will the insurance give me that amount because bluebook says my car is worth at most around $3400 in excelent condition and at retail value according to bluebook is around $4500. All I'm concern with is either my car is restore to the point before the accident or if they get me enough money to buy a new jetta of equal or greater quality. Restoring my car car i guess is not and option which I'm ok with but what if the amount they give me is not enough to go buy a new jetta from a small local dealer will they give me more money or how does this whole process work because I've never been in this situation." Unemployed 18 to 25 year olds forced to have health insurance under Obamas plan? if you where laid off, then your ok. But if you quit your last job you will be required by law to keep health insurance or be fined $2700/yr. And by the way thats $225/mo. for the ...show more" Insurance? My insurance for Maruti swift gets expired within a week. I payed some Rs13,000 an year back. Now want to renew it.so how much will i have to pay for it. i once claimed insurance for some damage in car for around Rs 6000. Can any one tell me about this?" Should I go through my car insurance company or not? My car was parked on a decline, stalled, and ran into the back of my friends wagon. My repair quote is about $940, hers is about $615, at a total of about $1555. The excess I have to pay towards insurance repairs is $1045 (standard excess, age excess for being under 25, and some flexi-excess p.o.s). At the moment I only have enough money to fix her car, although that means waiting another few months to fix mine, and I'm impatient. Hers needs to be fixed asap for roadworthy and registration. I also have the option of finding a new bumper for hers at a much cheaper price, although that is proving difficult. Also, my insurance company only likes their choice of repairer. My panel shop has done jobs for the company before, but I'm not certain if they will let me use them. I won't have anyone else repair my car, as the money was going to go to repainting a new bonnet instead of repairing, which insurance won't cover. On another note, I'm not sure how long going through insurance will take. So my question is, do I go through insurance, even though I might not get to use my panel shop and it will cost me almost the same? Or do I leave it, and do what I can to fix my friends car cheaper? Then just suck it up and wait to have the money for mine, therefore also saving a rise on my insurance premium and a drop in my rating." How do insurance companies determine fault? I was in an accident. My insurance company told me I was 0% at fault and the other driver 100% at fault. The other insurance company said i was 50% at fault and the other driver was 50% at fault. what happens next? who suppose to agree with who? Cheaper car insurance?


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1st Car insurance way too high? the insurance on my dads name with my provisional license is way too high nobody would pay 2300 pounds, iv put all the correct details in and put on as many drivers that put down price and every other possible way to reduce price but thats the cheapest on confused.com this means i need to sell my car that i have had for 1 and a half years that iv been working on for me turning 17 and driving it, im too depressed now and i badly dont want to sell it has anyone got any solutions or recommendations anything?" I am an OAP with a car and want to insure my son 17 to drive does anyone know of a cheap insurance company wit? I am an OAP with a car and want to insure my son 17 to drive does anyone know of a cheap insurance company wit? An actuary studying the insurance preferences of automobile owners (statistics)? He makes the following conclusion: (i) An automobile owner is twice as likely to buy collision coverage as disability coverage. (ii) The event that an automobile owner purchases collision coverage is independent of the event that he/she buys disability coverage. (iii) The probability that an automobile owner buys both collision and disability coverage is 0.15. What is the probability that an automobile owner buys neither collision nor disability coverage? ^That's the question. I don't necessarily need the answer so much as I'd like to know how to do it, so a walk-through with/without the answer or just a formula/tips on how to get started will suffice. Whatever you find best. All help is appreciated, and thank you! Teenage car insurance? i have a question i'm planning to get a car soon and im 17. Most likly im getting a new car i don't know the exact car yet. I wana know with my age and a new car how much do you think my insurance average will be. The car is gonna be financed under my dads name so im gonna have to get full coverage insurance so i wanted to get an idea on how much it would be for me. Car totaled. Other drivers fault but have no insurance.? I was the designated driver for my friends. Was driving friends car home and got in a car accident. Other driver ran the red when I turned. She admitted to it to the police but my friend has no insurance. Will he be penalized and will he receive any sort of compensation from the other drivers insurance for totaling his car. He also has $1200 left with his finance company. Will they charge him anything even though he will pay the remainder off? How can I lower my insurance rate? I got a speeding ticket back in july of '04. My insurace went up recently. I am past the traffic school time. I live in CA. Is there anything I can do to lower my rate increase How much will my insurance go up after an accident?


I'm sixteen years old and I have had my license almost six months. I was in a wreck a few days ago involving another vehicle. The other car is fine but I completely totaled my car and it was my fault. How much will my insurance go up?? Car insurance for a non working vehicle? My car needed a major repair last fall. I work from home and have been trying to pay off student loans so I decided to do without a car for 6 months since I live in a convenient location- I just received my tax return and can afford the major repair. I stopped my car insurance while I wasn't driving since it was $125/mo and I now need to start it back up. I am switching companies since I really didn't like mine- I just got to the questions about insurance lapse does this apply to me since my car wasn't working? I haven't returned my form yet. I hope I didn't screw this up, a friend just told me I should have possibly kept a storage coverage that my rates might skyrocket. It's an older car with no loan attached. I live in MN, perfect driving record, was with the same company for 25 years and had never missed a payment. If it is considered a lapse is there a way to get around it legally like giving/selling my car to my boyfriend and then listing me as a driver so I can use it when needed? We don't live together but he did most of the driving when we did use it- it's not worth much, maybe a few thousand dollars at most- maybe I'd be better off selling my car and getting a new (used) one so I don't have to explain a gap? Thanks." How do I get health insurance for my newborn? I am 6 months pregnant and 21 years old. I am still on my parents' health insurance, as I am an unemployed student. My boyfriend, who is an independent, is an unemployed student as well. He is currently uninsured and, as we have found, is uninsurable due to the fact that I am pregnant. My parents' health insurance WILL NOT cover grandchildren (dependents of dependents) and so my baby will not be covered on their plan. Individual health insurance plans will not cover my infant until up to 30 days AFTER he is born (and we can apply for medical insurance for him). How do I secure health care coverage for him BEFORE he comes so he can start going to the pediatrician immediately?" Need to find homeowners insurance? Have pit bull trying to find homeowners insurance that will allow me to keep my dog Can switching to geico really save you 15% or more on care insurance? ............... What are some safe ways to invest other than whole life insurance? I understand now that term life insurance is the way to go, and then open up a Roth IRA. We are going to meet with our financial adviser and I would like to do more research, hence ...show more" What is the best car and best insurance to go with?


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My friend is 19 and she got her license less than a year ago. She has a car and is paying $200 per month on it and she needs insurance or she'll lose her car. However, every company out there wants her to pay between 400 and 600 dollars a month. Is there any cheap no name insurance that she can get? Anything less than 400 would be great..preferably between 200 and 300..but she'll take what she can get. Oh and she has gotten a ticket for speeding and she can't get on her moms insurance. She needs basic full coverage. Please help.." Insurance help! Tennessee? My bf moved here from west virginia... he has to big health problems one life threatening... He needs cheap insurance but i dont know anything about insurance. hes 23. can anyone help me or know of any type of insurance??????? It would be appreciated.. First they cancel my insurance. Is it true that I'm now hearing 70% of Cali doctors will boycott Obamacare? I have to sign up for Obamacare because I'm self employed and was on an insufficient individual plan. So I'm resigned to the fact I need to sign up for Covered California(Obamacare), but now I'm hearing the California Medical Association says 70% of physicians say they will boycott my Covered California policy if I get one, since I don't have employer insurance and am in the Obamacare network. Basically I'm screwed everywhere I turn now. Can 70% of physicians really thumb their noses at the government? Can they afford to? http://washingtonexaminer.com/article/2540272#.UqLPd42Zl8I.twitter" How much will this car insurance be? im 18 just about to get my liscense , im looking to get and audi a3 worth 7.999 used . how much approx woukd insurance be?" Accidently put wrong date of birth by 3 months on my car insurance? Iv just accepted a quote online for car insurance without realizing my date of birth is wrong by 3 months, if i tell them to change this should it change the price of my insurance?" What does a full coverage insurance cover? If my car was in an accident and i have a full coverage insurance plan what exactly does the insurance cover? The car was totalled and can no longer be used. How much will it cost (roughly) for a 21 year old to insure a new Audi A1 S-line 1.2? its in the 1-10 band for the insurance which is the lowest group. the audi a1 is number 9. but i want to know what i would be expecting to pay insurance wise! would appreciate any comments. An actuary studying the insurance preferences of automobile owners (statistics)?


He makes the following conclusion: (i) An automobile owner is twice as likely to buy collision coverage as disability coverage. (ii) The event that an automobile owner purchases collision coverage is independent of the event that he/she buys disability coverage. (iii) The probability that an automobile owner buys both collision and disability coverage is 0.15. What is the probability that an automobile owner buys neither collision nor disability coverage? ^That's the question. I don't necessarily need the answer so much as I'd like to know how to do it, so a walk-through with/without the answer or just a formula/tips on how to get started will suffice. Whatever you find best. All help is appreciated, and thank you! Car insurance help for teens? im getting my drivers license this summer and next year november we have an extra car that a hundai that we can trade in to get a new car i was wondering if i buy a Mitsubishi lancer es or even something better would my insurance go sky high?? Question about my car insurance? My current insurance is with state farm; just a question; if i got hit by someone without car insurance and is their fault; they dont have any money to pay for my damage; since i dont have the uninsure motor coverage but i have collision with deductible of 500 dollar; would my collision cover me after i pay the 500 dollar? i guess my real question is what is the point of having uninsure motor coverage when i have collision coverage? would i need both? or just collision would be sufficient? Where can i get cheap car insurance? (i'm 19)? Im 19 and own a Vauxhall Corsa 1.2 and im looking for cheap car insurance. ive tried a few websites and its coming out over 5k for the year, something a LOT less will ok, if anyone can tell me a few good companies or quotes that i can use? thanks" What is a private jet's insurance price? and maintenance costs? Averagely.? For school I have to do a business plan. We are creating a fictive private jet renting company in Colombia but i can't find these informations. It is really important as i is part of our financial statements. Thank you very much. Who in the world has the cheapest car insurance?? 10 point 4 best ansswer....? ive searched and searched and searched, after all im being dropped by state farm insurance cause i became a financial risk for them.... its not my fault i had 3 car crashes in 6 months.... anyway the best rates i got so far are.... $200 a month for basic and $553 for full coverage on a 93 chevy van POS.... no im not joking my rates were $130 for full coverage with state farm b4 all these accidents..... god help me im in michigan if that helps anyone else.... i really need a fast answer cause i got 3 days to get new insurance" Becoming car insured in Ontario? Recently I just acquired my G2. I am an almost-17 year old male, and I wanted to try to clear up a few questions about insurance before going to get some quotes. Firstly, would it be possible for me to have my own separate policy? With my own car - that's


how my dad wants it apparently... I know it would be expensive..but I would probably end up choosing only liability coverage. Secondly, would it be possible to somehow prove to the insurance company that I am more responsible than the average stereotypical 17 year old male in hopes of lowering insurance? For example, can high school marks play a factor? I've heard about something like this, although I don't know if it applies to our provincial policies. I know the other factors, such as having a 4 door used sedan, in-class driving course etc. can also help lower the cost. All help is appreciated, thanks!" How to get dental insurance in Alabama and how much it cost? My friend doesn't have dental insurance. So i'm just trying to help out by asking for advice. What is the cheapest dental insurance she can get that is going to cover root ...show more What is the best health insurance in CA right now? I need help. I don't have health insurance right now and I want to find an affordable one. I live in San Francisco, and I work part-time. I look at Athem insurance and it was around 60 bucks a month. I can't really afford that right now. Is there any other health insurance that is affordable and good?" Why has car insurance gone up? I insured a VW Polo about 3 months ago. I got a good quote of 41 a month. We moved house to better neighborhood, and I can now lock my car in the garage overnight. Also the car is now less in use as I have access to a newer car which I use for commuting etc. The polo is for when the family really needs to make two different journeys at the same time. A spare car if you will. Now my cheapest quote is 85 / month!!! WTF? Why has car insurance skyrocketed in 3 months?" What's the best insurance option for a private car collector? What's the best insurance option for a private car collector? What kind of health insurance can i get if i dont have legal documents? What kind of health insurance can i get if i dont have legal documents? Cheapest insurance for teens in northern ireland?? im trying to get insurance in my own name (policy) but everywhere seems to be way way too expensive! i was hoping for something around 2000 but the cheapest i found is 3400 for a group 4 insurance car! I need health insurance? i am a student in college from the ages of 18-26 looking for a affordable health insurance..


Car insurance queries? A good friend of mine had an accident in another friends car. It was his fault but his insurance company have said his insurance does not cover him as the vehicle he was driving is classed as a car derived van. The insurance company state that the policy only covers third party cover for other motor cars and claim a car derived van is a commercial vehicle. Even though its not used as a commerical vehicle, The vehicle in question is a Peugeot partner 600 and its v5 doc claims calls it a car derived van and it falls in the PLG class. Is this right what the insurance company are saying ?" What is better and cheaper for Auto Insurance in BC vs. Alberta? I'm purchasing a new car, and i'm currently in British Columbia, i have two residences, one in BC and one in Alberta as i go to school in Alberta. I'm wondering what should i do with insurance would it be better to insure it under BC or Alberta?" Is it necessary to buy rental car insurance even though i have my car insurance policy with me? i have a car and have taken...if i take a rental car , then my auto insurance..." How does business insurance work in a lawsuit? As a small business, I'm finally getting around to looking at business insurance. God forbid I should get sued, but that would be the only reason I would get insurance at this point. If I get sued (assuming I did nothing wrong that would terminate coverage), what are my responsibilities with regard to paying legal fees? What role will the insurance company play or what control will they have in the litigation process?" How can I get health insurance? How much would it be? I'm 20 years old. I been supporting my self since 17. So I do not have a lot of money. I go to college and work part time at restaurant. I'm a permanent resident and I live in California. I been having a lot of problems lately and I suffer to come up with money to pay for it. For example: wisdom teeth, filling, dry eyes symptom, scar in my eyes, back pain, headache and now I have hundred of millias on my face and I don't have money to go see dermatologist. I want to get a health insurance but I don't know anything about it. I don't know how to get it, which one to get? How much I have to pay a month? Does it cover everything like dental, chiropractor, dermatologist? My parents are in different country and I work at a restaurant so I don't get health care benefit. I could only afford $50 a month. Is there any health insurance out there that is around that price? Please help!" Is auto insurance cheaper in the U.S or in Europe? According to my father in Europe auto insurance is cheaper because when you get a ticket they don't work with points you just pay the ticket and the car insurance never finds out about it anybody know if this is true. Opposing insurance asking for information?


2 weeks ago I got into a car accident, I've already: -Plead guilty and paid ticket online -Submit claim for insurance company -Had car towed for auto shop And today I receive in the mail, forms from what I can see is the opposing insurance company asking for my name, age, address, SS#, license plate, insurance #, passengers during accident, and a diagram to draw how the accident happened. Am I require to fill this out? I thought the 2 insurance companies got this kind of information from each other" Monthly payment for Car Insurance? Hi, I'm 18 and I want to get a car, but I am not sure if I can afford car insurance. I was told I can put my name under a relative's insurance (He is around 50). So I have a question for you guys. How much money do you pay for car insurance a month? I know it varies amongst states and ages, but I want to get an idea of the amount of money I may be paying. I live in New York so I know it will probably be way higher than other states. Please provide your age, state, and car insurance monthly estimate. Thank you! =]" How do insurance companies categorize cars? How do they determine which cars is going to cost more than others... Which factor of a car means you're going to have to pay 1000 more than another... And why so expensive? After a while surely you've paid more than the cars worth? What is a good insurance for a home recording studio? A recording studio has been set up at home, all i need to know is which insurance will cover it.. and the websites?" What are some other online auto insurance companies like Esurance? I am going to buy a new car and I would like to know auto insurance sites like Esurance and any other auto insurance that are cheap. "What insurance company is the best to work for,as an agent?" Which insurance company is the best to work for as an agent?..Allstate,American Family,Statefarm,Nationwide...etc" An actuary studying the insurance preferences of automobile owners (statistics)? He makes the following conclusion: (i) An automobile owner is twice as likely to buy collision coverage as disability coverage. (ii) The event that an automobile owner purchases collision coverage is independent of the event that he/she buys disability coverage. (iii) The probability that an automobile owner buys both collision and disability coverage is 0.15. What is the probability that an automobile owner buys neither collision nor disability coverage? ^That's the question. I don't necessarily need the answer so much as I'd like to know how to do it, so a walk-through with/without the answer or just a formula/tips on how to get started will suffice. Whatever you find best. All help is appreciated, and thank you!


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