Question

To significantly reduce your automobile insurance premiums and still have adequate coverage, you should

A) take the minimum levels of liability coverage.
B) raise the deductibles on comprehensive and collision.
C) waive medical payments coverage.
D) waive uninsured motorist coverage.

Answer 1

To significantly reduce your automobile insurance premiums and still have adequate coverage, you should raise the deductibles on comprehensive and collision.

Step-by-step explanation:

To significantly reduce your automobile insurance premiums and still have adequate coverage, you should raise the deductibles on comprehensive and collision. By increasing the deductibles, you agree to pay a higher amount out of pocket before the insurance coverage kicks in. However, this can help lower your premiums as the insurance company assumes less risk.