Although using a multi-car insurance policy can be a great way to reduce premium costs, when does bundling actually increase rates?
PLz help will mark brainlies

A. None of these
B. After Jack and Diane finally got married, they bundled their automobile insurance policies and moved into a small town far from the city
C. Adding a 17-year-old driver to the account that has 3 points issued by the State of New Jersey
D. Taking off a 20-year-old driver on the policy that began college in New York City and has less need for a vehicle

Insurance policies usually have a higher cost for Young drivers because they are seen as more of a risk so this would be the option where the cost would increase by bundling

B. seems like it would save money or at least just keep the same rates

D. seems like it would decrease rates

hope this helps and if im wrong comment <3

Answer Link

topeadeniran2 topeadeniran2 · Answer 2 · 2021-08-13T01:56:33+02:00

The bundling rate will increase when a 17-year-old driver is added to the account that has 3 points which are issued by the State of New Jersey.

An insurance is a protection against a financial loss. A multi-car insurance policy is a policy whereby different vehicles are covered under one insurance policy.

Under the multi-car insurance policy, there is a discount gotten for every car that's added. Despite this, adding a 17 year old driver to the account is a high risk and this will be taken into consideration by the insurance company.

It should be noted that getting married and taking off the 20 year old driver will not increase the rates.

Therefore, due to the addition of the 17 year old, there may be an increase in rate.

In conclusion, the correct option is C.

Read related question on:

https://brainly.com/question/13769098