How does the make and model of your car affect how much you pay for insurance?In general, the more your car is worth the more you will pay to insure it.In general, older vehicles are more expensive to insure because repairs are needed more often.The make and model of your car has no affect on your insurance rate.In general, you can typically find cheaper insurance for a new vehicle compared to a used vehicle.

What is the disadvantage of having a higher deductible?A higher deductible will lower your premium cost.The insurance company will have to pay more toward the insured loss.A higher deductible will make the cost of the repair to your vehicle cheaper. You will have to pay that amount out-of-pocket before the insurance company covers the repairs.

The major difference between vehicle and life insurance is that vehicle insurance:A.has the lowest possible deductible.B.is designed to protect property.C.does not require customers to pay premiums.D.is a form of workers' compensation.

Which is not a factor that an insurance company would consider before setting the cost of an auto insurance policy?A.The driver's healthB.Crime reports in the areaC.The make and model of the carD.The driver's ageSUBMITarrow_backPREVIOUS

Why do you think that 16-18 year old drivers pay so much more for auto insurance?

Why do people typically purchase insurance policies?A.They would not be able to pay for major expenses without insurance.B.They believe insurance policies will increase in value over time.C.They anticipate that they will never have to pay their deductibles.D.They calculate that their insurance premiums will be greater than their benefits.