auto insurance assessment\na $1,000 deductible versus a $250 deductible would typically result in:\nlower…
auto insurance assessment\na $1,000 deductible versus a $250 deductible would typically result in:\nlower monthly premiums\nno premium difference\nidentical coverage\nhigher monthly premiums
Answer
Brief Explanations:
A deductible is the amount the policyholder pays out - of - pocket before the insurance company starts covering costs. A higher deductible ($1000) means the policyholder is taking on more financial risk in the event of a claim. Insurance companies typically charge lower monthly premiums when the policyholder assumes a higher deductible because the insurer's potential liability is reduced.
Answer:
Lower monthly premiums