Which of the following is NOT a premium discount offered in automobile insurance?

Prepare for the IBABC Automobile Insurance Exam with our multiple choice questions with explanations and hints. Study effectively with our engaging quizzes and ensure you're exam-ready!

The correct choice identifies an option that does not typically align with standard premium discounts offered in automobile insurance policies. Premium discounts are generally based on factors like safe driving practices, vehicle usage, and the implementation of safety features.

The Senior's Discount is commonly provided to older drivers, recognizing their experience behind the wheel. The Low Kilometre Discount rewards those who drive less, as lower mileage often correlates with reduced risk of accidents. The Advanced Safety Technology Discount is given to policyholders who equip their vehicles with advanced safety features, which can lower the chances of accidents and subsequently reduce the insurance premium.

In contrast, a High-Speed Performance Discount is not a recognized or standard discount. In fact, vehicles that are high-performance or designed for speed may be associated with higher risk, resulting in higher premiums rather than discounts. Thus, this option does not fit within the usual framework of premium discounts offered by insurance companies.

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