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

Answer Answer If a deductible is lowered the premium usually goes up

Top Q&A For: What happens to an insurance premium when a ded...

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

Answer Depending on your driving record, there may be little change in your rate, however when you do utilize your insurer for a claim, you'll pay less out-of-pocket.If that is the only thing chan... Read More »

The Definition of the Insurance Premium Deductible?

Insurance protects your assets, income and savings. It protects your family in case of your death by paying your funeral expenses, mortgage and debts. As you pay your insurance premiums on time eac... Read More »

Is a health insurance premium tax deductible?

Health insurance premiums are tax deductible as a medical expense. However, only medical expenses exceeding 7.5 percent of your adjusted gross income can be claimed as a deduction. If you are self-... Read More »

Is My Life Insurance Policy Premium Tax Deductible?

If you are an individual purchasing life insurance for yourself, the premiums for such an insurance would not be deductible in your personal tax filings. However, your life insurance premiums may b... Read More »