Individuals with high rating factors are more likely to choose higher collision deductibles than those with low rating factors.

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Individuals with high rating factors, which often indicate a higher risk of filing a claim (such as a poor driving record), typically face higher insurance premiums. To reduce their premium costs, they might opt for higher collision deductibles, as increasing the deductible amount generally lowers the premium. Conversely, individuals with low rating factors, indicating lower risk, might choose lower deductibles since their base premiums are more affordable.

Individuals with High Rating Factors Are More Likely to Choose