9
QuizMultiple Choice

Buying Insurance

Question 9 • Personal Finance - EL3403

How can avoiding speeding tickets affect an automobile insurance policy?

Answer
A
It can make it hard to file a claim.
B
It can help keep premiums down.
C
It can raise the price of premiums.
D
It can make it difficult to share risk.

Explanation

Speeding tickets can be recorded as traffic violations and may lead an insurer to view a driver as higher-risk, which can increase premiums. Avoiding tickets helps maintain a clean driving record and can help keep premiums down, so choice B is correct.

AI-written and checked against the verified answer.

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