In auto insurance, a higher deductible means the customer _____.
a. has a higher monthly bill, but pays less out of pocket in the event of an accident.
b. has a lower monthly bill, but pays more out of pocket in the event of an accident.
c. has a higher monthly bill and pays more out of pocket in the event of an accident.
d. has a lower monthly bill and pays less out of pocket in the event of an accident.

Question

NAsembacr2e3briahoma NAsembacr2e3briahoma

06-12-2016
Social Studies

contestada

In auto insurance, a higher deductible means the customer _____.
a. has a higher monthly bill, but pays less out of pocket in the event of an accident.
b. has a lower monthly bill, but pays more out of pocket in the event of an accident.
c. has a higher monthly bill and pays more out of pocket in the event of an accident.
d. has a lower monthly bill and pays less out of pocket in the event of an accident.

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andriansp andriansp · Answer 1 · 2018-10-24T03:52:01+02:00

The answer is: B.has a lower monthly bill, but pays more out of pocket in the event of an accident.

In insurance, deductible refers to the amount of money that you pay on a cosntant basis until your insurance plan start to pay off.

Higher deductibles tend to be preferred by the people with higher income level and involve in activities that have a higher change to fulfill the clause in their insurance plan (for example, professional athletes or miners)

abbystoneham10 abbystoneham10 · Answer 2 · 2019-10-24T14:23:42+02:00

abbystoneham10 abbystoneham10

24-10-2019

Answer:

B. has a lower monthly bill, but pays more out of pocket in the event of an accident.

Explanation:

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