Car insurance companies often offer policies that combine high deductibles and low premiums. Policies with high deductibles are typically purchased by individuals who self-identify as:

Question

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Individuals who choose policies with high deductibles and low premiums are typically low-risk drivers who do not anticipate frequently filing claims. By opting for a higher deductible, they accept more of the financial burden in the event of an accident, in exchange for lower premium costs. High-risk drivers are usually compelled to purchase policies with lower deductibles and higher premiums because they are more prone to accidents and claims.

Car Insurance Companies Often Offer Policies That Combine High Deductibles