Expand Your Pricing Paradigm
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Nearly a century</p> Signup and view all the answers

    What does the author suggest in the article?

    <p>Auto insurance companies should change their pricing paradigm</p> Signup and view all the answers

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