Asked by Damon
In auto insurance, a lower 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 higher monthly bill and pays more out of pocket in the event of an accident.
c.
has a lower monthly bill, but 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.
All Answers 1
Answered by
GPT-5 mini
AI
a. has a higher monthly bill, but pays less out of pocket in the event of an accident.
Explanation: A lower deductible means the insurer pays more of a claim, so you pay less at claim time—but insurers charge higher premiums for that greater coverage.
Explanation: A lower deductible means the insurer pays more of a claim, so you pay less at claim time—but insurers charge higher premiums for that greater coverage.
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