To signal to your insurance company that you are a low risk individual,to secure a lower premium,you should
A)Accept an insurance policy with a high deductible
B)Accept an insurance policy with a low deductible
C)Accept an insurance policy with a co-payment
D)Both A&C

Question

​To signal to your insurance company that you are a low risk individual,to secure a lower premium,you should
A)​Accept an insurance policy with a high deductible
B)Accept an insurance policy with a low deductible
C)Accept an insurance policy with a co-payment
D)​Both A&C

Quizplus · Accepted Answer

Accepting an insurance policy with a high deductible and one with a co-payment signals to the insurance company that you are willing to share more of the risk, which can lead to lower premiums because it indicates that you are a lower risk individual.

​To Signal to Your Insurance Company That You Are a Low

To Signal to Your Insurance Company That You Are a Low