ECONOMICS
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Driver’s age
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where driver lives
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ethnicity of driver
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having only one ticket; no accidents
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Detailed explanation-1: -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.
Detailed explanation-2: -Car Owner The premium of car insurance in India is generally determined by the car owner’s driving record. This means that you enjoy better rates of car insurance premium if you have to have a good driving record.
Detailed explanation-3: -Which of these factors does NOT affect life insurance premium rates? Mortality, expenses, and interest are the only factors that determine premium rates. Kevin has an existing life insurance policy and assigns it to another insurer for a new contract.
Detailed explanation-4: -Age – This one of the critical factors that affect the premium amount. Past Medical History – Occupation – Policy Duration – Body Mass Index (BMI): Smoking Habits – Geographical location: The Type of Plan You Choose: More items