MANAGEMENT

BUISENESS MANAGEMENT

INSURANCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The color of your vehicle can increase the cost of your insurance premiums.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -The colour of your car does not have any direct impact on the car insurance price.

Detailed explanation-2: -And after getting the RTC permission, you can change your car colour, and then your car needs to be rechecked by the RTC officer, and your RC book will be updated. Then you can legally drive your changer colour car. But it’s also essential to inform your car insurance company as it can change your monthly premium fees.

Detailed explanation-3: -Auto accidents and traffic violations are common explanations for an insurance rate increasing, but there are other reasons why car insurance premiums go up including an address change, new vehicle, and claims in your zip code.

Detailed explanation-4: -The color of your car doesn’t affect your insurance rate. Instead, your insurance company uses other information, like your car’s age, location, usage, and your driving record, to help determine insurance rates.

There is 1 question to complete.