Which of the following can impact the cost of an insurance premium?

The correct answer includes all of the options presented, as each factor can significantly influence the cost of an insurance premium.

The policyholder's credit score is often used by insurance companies to assess risk. A higher credit score can suggest that the policyholder is financially responsible, which may lead to lower premiums, whereas a lower credit score could indicate higher risk and result in increased costs.

Geographical location also plays a crucial role in determining premiums. Areas prone to natural disasters, such as floods or hurricanes, typically command higher insurance rates due to the increased risk of claims. In contrast, regions with lower risks generally enjoy more favorable premium rates.

The claims history of the insured is another critical factor. A policyholder with a history of frequent claims may be seen as a higher risk, leading insurers to increase their premiums. Conversely, a clean claims history may result in better rates, as it demonstrates reliability and lower risk to the insurer.

Since all these factors—credit score, location, and claims history—are interrelated and impact the perceived risk of insuring the policyholder, it is indeed accurate to say that they collectively influence the cost of an insurance premium.