What is true in general about higher deductible amounts? (1 point) Responses Higher deductible amounts are taxable. Higher deductible amounts are taxable. Higher deductible amounts result in less money. Higher deductible amounts result in less money. The insurance is more greatly needed. The insurance is more greatly needed. The premiums are lower.
1 answer
In general, the statement that is true about higher deductible amounts is: The premiums are lower.
Higher deductible amounts typically lead to lower insurance premiums because the policyholder takes on more risk upfront (by paying a higher deductible), which reduces the insurer's risk and, consequently, the cost of the premium.
