One way to lower the premiums you pay on your insurance is to have a higher deductible.

Question

Quizplus · Accepted Answer

This is true. A deductible is the amount of money you pay out of pocket before your insurance begins covering costs. Choosing a higher deductible means you are taking on more of the initial financial burden, which can result in a lower premium. However, it's important to make sure you can actually afford the deductible you choose in case you need to file a claim.

One Way to Lower the Premiums You Pay on Your