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yes a higher deductible means a lower premium.
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∙ 15y ago
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Are interest rates on long term bonds usually lower or higher than interest rates on short term bonds?
Higher
Explain why the monopolist produces a lower output and charges a higher price?
monopolist's tend to charge? a.Lowe; lower b.higher; lower c.lower; higher d.higher; higher e.higher; the same
How does supply and demand affect the price of a product?
the higher the demand the higher the price.the lower the demand the lower the price.
What are the factors that affect quantity demanded?
Quantity Demanded is only affected by the change in prices & all other factors given below only affect or lay down changes in Demand2. taste/preference of consumers; the higher the pereference for a particular goods/service the higher the qd for the goods/service; the lower the preference the lower the qd of the goods/service3. deposable income (dy) of consumers; the higher the dy of consumers the higher the qd of goods/services; the lower the yd the lower the qd of goods/services4. population. the more the population the higher the qd for goods/services; the lower the population the lower the qd for goods/services5. price of complimentary goods/services; the higher the price of complimentary goods the lower the demand for the main goods; the lower the price of the complimentary goods/service the higher the demmand for the main goods/service.by;Zain-Ul-abideen email. Zain-Ul-abideen@hotmail.com
What are the effects of a good economy to business?
Generally, higher sales, lower input costs, and higher profits.
What usually happens to the amount of the premium if the deductible is lower compared to a policy with a higher deductible?
The premium will generally increase.
What is a premium for auto insurance?
Your premium is pretty much your monthly bill, after deciding what type of deductible you plan on choosing. The higher deductible the lower your premium will be.
An insurance policy with a higher premium most likely has?
a lower deductible
Difference between a deductible and a premium?
A premium is the amount of money you pay the auto/health insurance company monthly, quarterly, or biannually whether or not you get in an accident or go to the hospital. The higher your premium the lower your deductible, and the lower your premium the higher your deductible. A deductible is the amount of money after you get in a car accident or visit the hospital before your insurance company pays anything. After you have met your deductible the insurance company covers the rest of the expenses.
What should your Deductible for car insurance be?
Well the higher your deductible, the lower your insurance premium will be. However, your deductible should be something you can afford in case of a loss.
what is an deductible?
A deductible is the amount that the insured has agreed to pay before the insurer is obliged to pay anything on a covered claim. It can be considered to be an amount for which the insured has agreed to "self-insure". In general, there is a correlation between deductibles and premium, in that a higher deductible will correlate with a lower premium.
How to you deal with the deductible when you are fault free?
not sure what 'deal with '' means, you chose your deductible when you buy the policy (higher the deductible lower the premium on coll and comp)..if your collision or comprehensive coverage are used (regardless of fault) then your deductible will apply.........
What is an insurance deductible?
A deductible is the amount that the insured has agreed to pay before the insurer is obliged to pay anything on a covered claim. It can be considered to be an amount for which the insured has agreed to "self-insure". In general, there is a correlation between deductibles and premium, in that a higher deductible will correlate with a lower premium.
Should you pay a high or low property deductible for home insurance?
Depends on your financial situation. If you have plenty of money saved to pay a high deductible, you can get a higher deductible and have lower premiums. If you usually do not have a lot of money in savings, a lower deductible would be better so you would be able to come up with the deductible if a claim has to be filed.
In this scenario what would happen if Rebecca chose to lower her deductible after completing her current claim?
It would not affect her current claim but lowering of her deductible would then affect any future claims. Of course the premium would be slightly higher in exchange for the lower deductible. The company will also want to examine the vehicle to make sure repairs are done from the previous accident before lowering the deductible.
About what percent of premiums do you pay for high deductible insurance compared to low deductible insurance?
It really is not possible to define that in percentages. But think of it this way, the higher the deductible ( the amount you pay BEFORE the insurance company begins to pay ) the lower the premium. Just do the math, if you are taking a $2,000 deductible over a $1,000 deductible , but you are only saving $200 a year, it is not a good choice. You are basically putting yourself on the hook for potentially another $1,000 in deductible to save $200.
What are some things a person should look for when determining which individual health insurance plans are affordable for them?
When choosing a health insurance policy one must weigh the premium cost against the benefits received. Most healthy people can choose a higher deductible policy with a lower monthly premium.
