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Questions and Answers
Which factor(s) can affect the premium charged by auto insurance companies?
Which factor(s) can affect the premium charged by auto insurance companies?
- Age of the driver
- Type of vehicle
- Driving history
- All of the above (correct)
Traditionally, how have auto insurance companies priced their services?
Traditionally, how have auto insurance companies priced their services?
- Charging customers a per-mile premium
- Charging customers an annual premium (correct)
- Charging customers a one-time premium
- Charging customers a monthly premium
What is the main topic of the magazine article?
What is the main topic of the magazine article?
- Auto insurance pricing
- Pricing paradigms
- Expanding pricing strategies (correct)
- Inspiration from other industries
How long have auto insurance companies been using the annual premium pricing scheme?
How long have auto insurance companies been using the annual premium pricing scheme?
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What does the author suggest in the article?
What does the author suggest in the article?
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