Max is shopping for commercial auto insurance for the company vehicle. He is provided two quotes: $2200 for a 12-month policy or $925 for a 6-month policy. What is the first step in determining which policy is cheaper?

Respuesta :

The first step in determining the cheaper policy is to determine the cost of each insurance per month. This is done by dividing total insurance cost by total months

To determine the cost of insurance per month, divide the total cost of the insurance by the months

Monthly cost of insurance = total cost / total month

$2200 / 12 = $183.33

$925 / 6 = $154.17

Based on the above calculations, the $925 for a 6-month policy is cheaper

To learn more, please check : https://brainly.com/question/2697093?referrer=searchResults