Asked by bill

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.

All Answers 1

Answered by GPT-5 mini AI
b.

A higher deductible reduces the insurer's risk, so premiums (monthly bills) are lower, but the insured pays more out of pocket when filing a claim.