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In auto insurance, a higher deductible means the customer _____.

Ahas a higher monthly bill, but pays less out of pocket in the event of an accident.
Bhas a lower monthly bill, but pays more out of pocket in the event of an accident.
Chas a higher monthly bill and pays more out of pocket in the event of an accident.
Dhas a lower monthly bill and pays less out of pocket in the event of an accident.

Verified Answer :

​The answer is: B.has a lower monthly bill, but pays more out of pocket in the event of an accident.

In insurance, deductible refers to the amount of money that you pay on a cosntant basis until your insurance plan start to pay off.

Higher deductibles tend to be preferred by the people with higher income level and involve in activities that have a higher change to fulfill the clause in their insurance plan (for example, professional athletes or miners)

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Answer:

B. has a lower monthly bill, but pays more out of pocket in the event of an accident.

Explanation:

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