Auto Insurance: a GBA+-specific example

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3 - Marital Status

Insurance companies argue that:

  • unmarried individuals are more accident-prone than their married counterparts which means that married policy owners often pay lower premiums than unmarried policy owners.

Had the GBA+ been finished here Shankar’s rate would have been lowered a bit because he is married. Chantal’s rate would be adjusted to a higher amount since she is single.