Adjusting the annual cost of automobile insurance based on mileage driven is an example of ________ pricing.
A)personalization
B)trigger
C)utilization
D)fixed

Question

Quizplus · Accepted Answer

Utilization pricing adjusts the cost based on the amount of usage or consumption. In this case, the cost of automobile insurance is adjusted based on the mileage driven, which is a measure of utilization.

Adjusting the Annual Cost of Automobile Insurance Based on Mileage