23
QuizMultiple Choice

Insurance and Risk — Test

Question 23 • Personal Finance

A person drives daily and has limited savings. What is the best insurance choice?

Answer
A
no insurance
B
minimum coverage
C
high deductible only
D
high coverage and lower deductible

Explanation

Daily driving increases the chance of an accident, so higher coverage offers better financial protection. With limited savings, a lower deductible is also helpful because the person would owe less out of pocket when making a claim. Therefore, high coverage and a lower deductible is the best choice.

AI-written and checked against the verified answer.

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