QuestionJuly 17, 2025

26. Which of the following is a reason to choose a higher deductible? a. You want to increase your insurance coverage b. You want to reduce your monthly premium c. You want to pay less out-of-pocket for claims d. You want to file more claims

26. Which of the following is a reason to choose a higher deductible? a. You want to increase your insurance coverage b. You want to reduce your monthly premium c. You want to pay less out-of-pocket for claims d. You want to file more claims
26. Which of the following is a reason to choose a higher deductible? a. You want to increase your insurance coverage b. You want to reduce your monthly premium c. You want to pay less out-of-pocket for claims d. You want to file more claims

Solution
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Answer

b. You want to reduce your monthly premium Explanation 1. Analyze the impact of a higher deductible A higher deductible typically results in lower monthly premiums because you agree to pay more out-of-pocket before insurance coverage kicks in. 2. Identify the correct reason The primary reason for choosing a higher deductible is to reduce your monthly premium costs.

Explanation

1. Analyze the impact of a higher deductible<br /> A higher deductible typically results in lower monthly premiums because you agree to pay more out-of-pocket before insurance coverage kicks in.<br /><br />2. Identify the correct reason<br /> The primary reason for choosing a higher deductible is to reduce your monthly premium costs.
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