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Is there any link between original price and insurance group, and if so, is it affected by other variables?
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Is there any link between original price and insurance group, and if so, is it affected by other variables? Insurance vs. Original Price Problem I want to find out the effect of age on what insurance group a car is in. I am doing this investigation to ensure I get a good deal on my insurance. Question Is there any correlation between the original price of a car, and what insurance group it is in? If so, how much correlation? Hypothesis I think that the more expensive the car, the higher the insurance rate. This is mainly because the car would be more expensive to replace/pay for. Also, people may think they can drive recklessly or carelessly because they own an expensive car. On the other hand, more expensive cars may be more reliable than older cars, therefore more safe, and be in a lower insurance group. However, I think there will be medium to high, positive correlation,...
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