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Which of the following affects one’s car insurance premium?

 

Which factors can affect your car insurance premium?

  1. Your age and driving experience
  2. The type and value of your car
  3. Your driving history (e.g., accidents or traffic violations)
  4. The location where you live

Answer:
All of the above.

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Explanation:

Car insurance premiums are influenced by various factors, including:

  • Age and Experience: Younger or less experienced drivers often pay higher premiums.
  • Car Type: High-value, luxury, or sports cars typically cost more to insure.
  • Driving History: Accidents, claims, or violations increase risk, raising premiums.
  • Location: Areas with high crime rates or accident frequencies lead to higher costs.
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Understanding these factors can help you manage your insurance costs better!

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