an average of $651 for car insurance each year.damages of $43,900. How much money did he save by having insurance?

Question

Robert Waite drove a car for 19 years without an accident. He pain an average of $651 for car insurance each year. After driving 19 years he had an accident where he occurred damages of $43,900. How much money did he save by having insurance?

Answer 1

He paid $651/year for 19 years, so the total amount paid was 651 * 19 = $12369.

 

If the total damages were $43,200 but he only paid $12,369, then the amount saved was 43200-12369 = $30831.