BUISENESS MANAGEMENT
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following statements is TRUE about auto insurance premiums?
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If you have an auto insurance policy and don’t get into a car accident or file any claims for a year, you get your premiums back from the insurance company.
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If you have an auto insurance policy and get into multiple accidents within one year, your premium amount will decrease.
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Auto insurance premiums are a fixed price across all insurance companies.
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Auto insurance premiums can vary from company to company, therefore, it is important to comparison shop for the best price and coverage.
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Explanation:
Detailed explanation-1: -Driving History Driving history will not have an impact if you are buying car insurance for the first time.
Detailed explanation-2: -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.
There is 1 question to complete.