2
QuizMultiple Choice

Insurance Decisions and Risk Management — Quiz

Question 2 • Personal Finance

A higher deductible usually results in ______ premiums.

Answer
A
unpredictable
B
lower
C
higher
D
equal

Explanation

A deductible is the amount you pay out of pocket before insurance begins to cover a claim. With a higher deductible, you take on more of the cost, so the insurer usually charges lower premiums. The correct choice is “lower.”

AI-written and checked against the verified answer.

Previous
Next