Question

The factor that will not reduce your insurance rate is

A) increasing your deductible.
B) paying all speeding tickets promptly.
C) purchasing older, less expensive vehicles.
D) moving to a less risky town.

Answer 1

Increasing your deductible will not reduce your insurance rate.

Step-by-step explanation:

The factor that will not reduce your insurance rate is A) increasing your deductible.

Increasing your deductible is a type of risk management strategy that can potentially lower your insurance premium. By increasing the amount you are willing to pay out of pocket in the event of a claim, the insurance company may offer you a lower premium. However, not all factors can reduce your insurance rate, and in this case, increasing your deductible will not have a direct impact on reducing your insurance rate.