Which factors can affect an individual's auto insurance premium?

The choice identifying age, driving record, vehicle type, and location as factors affecting an individual's auto insurance premium is accurate because these elements are well-established in the insurance industry as key determinants of risk and pricing.

Age plays a critical role since younger drivers often lack experience, which can lead to higher accident rates. The driving record is essential, as a history of accidents or traffic violations typically indicates a higher risk, prompting insurers to charge higher premiums. The type of vehicle is significant as well, with more expensive or high-performance cars generally costing more to insure due to their repair costs and likelihood of theft. Lastly, location matters because different areas have varying levels of crime, accident rates, and weather conditions that can influence the risk associated with insuring a vehicle.

In contrast, the other choices only consider limited factors, which do not capture the comprehensive assessment used by insurers. For example, suggesting that only the type of vehicle or merely the driver's age and claims history influence premiums overlooks significant contributors like driving records and geographical considerations. The idea that the color of the vehicle and its mileage could directly affect premiums is a common misconception; color does not influence insurance rates directly, while mileage alone does not reflect the overall risk without considering other relevant factors like vehicle usage and maintenance