What happens to an insurance premium when a deductible is lowered?

InsuNews May 23, 2022

What happens to an insurance premium when a deductible is lowered?

If you lower your deductible, your insurance premium will go up to compensate the insurance company for paying more in the event of a claim. Conversely, raising your deductibles can save you money on insurance costs by lowering your premiums. Oct 20, 2021

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