Sentences with phrase «deductible is less of a risk»

Not exact matches

The higher the deductible the less expensive your premium will be, because the insurer is taking less risk of paying out for claims.

When you choose a higher deductible, the insurer is taking on less risk by avoiding smaller claims, so it rewards you by lowering your premium on that portion of the policy.

Customers that decide to choose higher deductibles are going to be less likely to use their policies, as they will have a larger amount of personal risk.

Ultimately, you need to consider how much money you are willing to spend on premiums and deductibles versus the amount of risk you are willing to take if you decide to buy less coverage.

Insurance companies offer reduced rates when drivers increase their car insurance deductible amounts because drivers take on more risk, making the policies less costly for the insurer — this is an essential component of how car insurance works.

The Sum at Risk at any point of time is the higher of (Sum Assured less Deductible Partial Withdrawal, 105 % of premiums paid) less Fund Value under the policy.

Your deductible is the amount you are required to pay on a claim before the insurance company must get involved, so the higher your deductible can be, the less of a risk you pose to potential insurers.