Question

For the situation below , determine whether the premium will likely increase , decrease, or remain the same. Jamie just turned 25

Answer 1

Answer:

The premium decreases when Jamie turns 25 years old.

Explanation:

The question above is about auto insurance premiums, which, as the name already says, is insurance aimed at automobiles, with the objective of promoting economic and financial protection in relation to accidents and problems that may happen in these vehicles.

When an individual turns 25, like Jamie, the insurance premium decreases in value, that is, the insurance companies offered cheaper and more economical rates to the driver when he is going to renew the contract.