Everything else constant, the higher the deductible on your car insurance policy, the higher the premium for your car insurance.

Question

Quizplus · Accepted Answer

This statement is false. The deductible and premium are inversely related, meaning that higher deductibles will result in lower premiums, and vice versa. This is because by agreeing to pay a higher deductible, the insurance company is taking on less risk and can offer lower premiums as a result.

Everything Else Constant, the Higher the Deductible on Your Car