asked 137k views
4 votes
An automobile insurance policy with a higher premium will most likely have

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User Vicmns
by
8.3k points

1 Answer

3 votes

Answer:

a lower deductible.

Step-by-step explanation:

There is an inverse relationship between premiums and deductibles. Higher premiums result in lower deductibles, while lower premiums result in higher deductibles.

This applies not only to auto insurance, but generally to most insurance policies that include deductibles, e.g. home insurance and health insurance.

Deductibles are the part of an insurance claim that must be covered by the insured.

answered
User J C
by
8.5k points

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