Which of the following statements regarding factors that influence how auto insurance premiums are set is true?
A) Insurance companies charge lower rates for rear-engine models.
B) Rates are lower if the insured automobile is driven less than 20 miles one way to work.
C) In most states, accidents determined to be the insured's fault incur points and a premium surcharge.
D) Discounts are often given for a vehicle that is driven less than 100,000 miles a year.
E) Because they are involved in a larger percentage of fatal crashes, unmarried females under age 30 pay higher premiums than do older individuals.
Correct Answer:
Verified
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