Which of the following factors can influence the cost of a Personal Auto Policy?

The age and gender of the insured are crucial factors that can significantly influence the cost of a Personal Auto Policy. Insurance companies use statistical data to assess risk levels associated with different demographics. Younger drivers, particularly those under the age of 25, are often considered higher risk due to their inexperience and tendency to engage in riskier driving behaviors. Similarly, gender can play a role in risk assessment, with some studies indicating that male drivers, especially younger males, are involved in more accidents than their female counterparts. As a result, insurers may charge higher premiums for younger or male drivers compared to older and female drivers, reflecting the perceived risk.

In contrast, other factors listed, such as the color of the vehicle, generally do not have a significant impact on insurance rates, as they are not directly related to driving behavior or accident statistics. While annual mileage driven can influence premiums, it is not the sole factor and in some contexts might not be considered as influential as age and gender. The size of the tires is also not a primary factor in determining insurance premiums since it does not correlate with the likelihood of accidents. Therefore, the age and gender of the insured are key determinants affecting the cost of auto insurance policies.