BUISENESS MANAGEMENT
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What factors impact the cost of your auto insurance premium?(hint:choose 3 correct answers)
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Deductible amount
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The vehicle you are insuring
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Your credit score
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Your income
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Explanation:
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: -The price of your car insurance premium also increases with the add-ons that you purchase such as zero-depreciation cover, cost of vehicle towing in case of a breakdown, increased third party liability, protection of NCB benefit, and many others.
There is 1 question to complete.