Insurance Rates- Expected Value

Consider the following insurance quotes:

Comparing Rates.jpg

If you plan on only having once accident in the next 5 years, with a damage total of $2,000, Which policy is better for you?

 

Is there an amount of damages where neither policy was the better deal? (That after 5 years, you would end up paying the same amount of money)

Create a statement that demonstrates which policy is the best deal over 5 years.

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