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Sixteen-year-old Omar is starting his first job with long daily commutes and heavy traffic. He wants to be a cautious driver and chooses car insurance with a very
low deductible. What is true?
He will likely pay low premiums.
He will probably have discounted premiums based on past safe driver history
His insurance will probably revise premiums every quarter.
His premiums are likely very high.

Sagot :

The statement " the premium is likely to be very much high" is correct.

The following information should be considered:

  • As per the financial experts, the auto insurance plan i.e. highly deductible should be wise as the annual premium amount should be less.
  • In the case of the monthly premium, more amounts should be paid when there is less deductible.
  • But for cars,  there is no need to worry as there should be car insurance having less deductible.

So, the following statements should not be relevant:

  • Lower premiums.
  • Discounted premium.
  • Revised premiums.

Therefore we can conclude that the statement " the premium is likely to be very much high" is correct.

Learn more about the premium here: brainly.com/question/9834518

The true statement for the given question is :

He will likely pay low premiums.

Car Insurance

The car insurance or the vehicle insurance is defined as the insurance of the vehicle or the security deposit against the car to provide protection to any physical damage to the vehicle.

In the context, Omar has to pay low premiums for the insurance of his car.

This is because the money deducted from him for the insurance for his car is very low. So he has to pay low premiums.

Learn More :

https://brainly.com/question/24160469

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