Sentences with phrase «incur high premium rates»
It's better to incur high premium rates and getting covered rather than saving few bucks today and getting your coverage denied altogether at a later stage.
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On average, insured's under the age of 25 incur a higher insurance rate and pay higher premiums than their older counterparts, (senior citizens can sometimes pay even less).
Insurance companies anticipate higher rates of accidents by senior citizens and therefore charge higher monthly premium rates from elderly to make up for the potential loss that might be incurred by them.