Which of the Following Will Reduce Your Insurance Rate

question 5

Multiple Choice

Which of the following will reduce your insurance rate?

• A)Decreasing your deductible
• B)Paying all speeding tickets promptly
• C)Driving antique classic cars
• D)Increasing your deductible

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Definitions:

Delay Payment

The act of postponing a payment until a later time, often resulting in additional fees or interest.

Interest Rate

The percentage of a loan that comes with an interest charge to the borrower, often stated as an annual percentage of the loan balance.

Interest

The cost of borrowing money or the profit from lending it, typically expressed as an annual percentage of the principal.

Airline Ticket

An airline ticket is a document, typically electronic, that confirms a passenger’s reservation on a flight and includes details such as flight number, date, and seat assignment.