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Unformatted text preview: premiums. Although low deductibles may seem like a better deal, they will raise your auto insurance rates considerably. The less you are willing to pay in the event an accident, the more your insurance company will charge you for coverage. You do not know if you will ever have to file a claim, so therefore you may never have to pay your deductible. However, you do know that you will have to pay your car insurance premiums, so it makes more sense to keep your deductibles high and your premiums low....
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This note was uploaded on 11/21/2011 for the course PERSONAL F 101 taught by Professor Agnew during the Spring '10 term at University of Phoenix.
- Spring '10