Section 02 Loans & Expenses Unit 04 Cars - Practical Money Skills
Section 02 Loans & Expenses Unit 04 Cars - Practical Money Skills
Section 02 Loans & Expenses Unit 04 Cars - Practical Money Skills
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Personal characteristics<br />
Age<br />
Gender<br />
Marital status<br />
Personal habits (e.g., smoking)<br />
Type and frequency of vehicle use (e.g., commuting)<br />
Geographic location (often classified by postal code)<br />
Rural locations usually have lower rates; urban locations usually<br />
have higher rates<br />
Driving record<br />
Accident with death, bodily injury, or property damage may trigger a<br />
surcharge on premium for three years<br />
Number and kind of moving violations (and total of associated<br />
points)<br />
Number of years insured with the company<br />
Vehicle characteristics<br />
Damage, repair, and theft record of type and model of car<br />
Age of car<br />
overhead B<br />
Overhead B<br />
How insurance rates are set<br />
<strong>02</strong>.<strong>04</strong>.<strong>04</strong><br />
choices & decisions section <strong>02</strong>. loans & expenses 107
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