BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Young drivers have less experience
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Young drivers are more likely to be reckless
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Young drivers are more likely to engage in distracted behavior
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Young drivers are statistically more likely to be involved in an accident
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All of these are risk that make teen driver insurance premiums costly.
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Detailed explanation-1: -The term “high-risk driver” isn’t a formal legal or insurance classification and can vary between insurers. However, high-risk drivers typically include those who have been convicted of driving under the influence (DUI), experienced numerous car accidents, or racked up lots of driver’s license points.
Detailed explanation-2: -You might be considered a high risk driver if you have: Had one or more auto accidents. Received multiple speeding tickets or other traffic citations. Been convicted for Driving Under the Influence (DUI) or Driving While Intoxicated (DWI)
Detailed explanation-3: -Your driving record includes your history of moving traffic violations and at-fault accidents. It’s one of the biggest factors that determines your car insurance rates. Car insurance companies look at your driving history for the past three to five years, depending on your state.
Detailed explanation-4: -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.