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Donna, who is single and 30-years-old, has received several speeding tickets recently and was shocked by the effect on her auto insurance. Donna drives a 2002 Pontiac Firebird, is currently not covered by health insurance, has an emergency fund of $25,000, has an income of $100,000 per year, and has an investment portfolio of $230,000. She is trying to reduce the price of her auto insurance. Which of the following actions is most likely to be advisable?
a) lower her liability limits to the minimum allowed in her state
b) drop her medical payments coverage
c) raise her deductible from $250 to $1,000
d) drop her comprehensive coverage and keep collision-only
e) drop everything from her policy except the liability insurance

Respuesta :

B because have five fine dj bf did for find
jepessoa

Answer:

C) raise her deductible from $250 to $1,000

Explanation:

The whole idea here is that Donna keeps her auto insurance and reduce her premiums, and she can do that in two ways:

  1. lower her coverage: which is really a bad idea since any type of accident can be really expensive, and reducing coverage will not lower her premium that much.
  2. increase her deductible: the deductible is the amount that Donna has to pay herself before the insurance policy kicks in. An increase from $250 to $1,000 will lower her premium significantly while not lowering any coverage. Since accidents usually costs several thousands of dollars, $1,000 in deductible is not that much considering that her premiums will reduce significantly.

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