Which of the following is a factor that will affect your auto insurance premium?
Some factors that may affect your auto insurance premiums are your car, your driving habits, demographic factors and the coverages, limits and deductibles you choose. These factors may include things such as your age, anti-theft features in your car and your driving record.
What factor affects insurance premiums the most quizlet?
Age of home affects insurance premiums the most.
What factors influence how much a person pays for automobile insurance quizlet?
A category based on the driver’s age, sex, marital status, driving record, and driving habits; used to determine automobile insurance rates.
Which of these factors contributes to the calculation of auto insurance premiums quizlet?
Terms in this set (10)
Which of these factors contributes to the calculation of auto insurance premiums? … the amount you have to pay if you make an insurance claim.
Which of these factors will most likely influence the cost of car insurance?
The biggest factors that affect car insurance rates are state coverage requirements, age, and the car’s make and model. The more coverage you’re required to buy in your state and the more valuable your vehicle is, the more you’ll pay for car insurance.
What are 5 factors that are used to determine the cost of insurance premiums?
The cost of car insurance depends on many things, including your age, where you live, the car you drive, your driving record, the coverage you have, the amount of your deductible, and so forth.
What are 5 factors that determine your auto insurance premium quizlet?
Factors that can affect an auto insurance premium are: –Value of the insured vehicle: the higher the value of the car, the higher the premium. -Repair record of the car: the more easily car damage can be repaired, the lower the premium. -Your age: younger drivers have less experience and pay higher premiums.
What is no fault auto insurance quizlet?
What is No Fault Insurance? A scheme precluding certain car accident victims from suing for negligence, and instead entitles them to insurance proceeds.
What does comprehensive mean in auto insurance?
Comprehensive coverage helps cover the cost of damages to your vehicle when you’re involved in an accident that’s not caused by a collision. Comprehensive coverage covers losses like theft, vandalism, hail, and hitting an animal.
What is one important factor in determining the cost of life or auto insurance?
Age is the most important factor in determining the cost, as a younger person will make payments for many years before cashing out; therefore the younger you are, the lower your payments tend to be.
What are three ways to reduce your car insurance premiums quizlet?
Three ways to reduce your car insurance premiums are get a high deductible, comprehensive insurance, and have a good driving record.
How will buying auto insurance help you?
A good auto insurance policy can help with vehicle towing, repairs and replacements, and covering the costs of damages to other drivers. … A good car insurance policy can help cover expenses such as dental work and medical treatments required as the result of an auto accident.