The cost of insurance is based on the annual base premium. Annual premium is the amount one pays each year for insurance coverage and the annual base premium depends on how much amount of coverage one wants.
So, given is :
The rating factor is 1.55
Base premium amount is = $1012
Total Annual Premium = Annual Base Premium x Driver Rating Factor
Hence, option A = $1568 is correct.
1012 × 1.55 = 1568.60
Therefore, the correct answer is A) 1,568.00$