The deductible level that would result in the lowest premium for automobile insurance is from $250 to $2,000,
When a disease or injury necessitates extensive medical care, low deductibles are desirable. High-deductible insurance policies provide you access to HSAs and more reasonable premiums. HSAs can serve as a source of retirement income and provide three different tax advantages.
The normal range of deductible options is $250 to $2,000, with $500 serving as the most popular option. Higher auto insurance prices result from a lesser deductible, like one of $250 or $500. This is due to the fact that if you file a claim, your automobile insurance company will have to spend more money the smaller the deductible is. 2
However, a deductible that is too low can force you to pay a higher premium than you would like. The typical range for a comprehensive deductible suggested by insurance agents is between $100 and $500.
Learn more about deductible level from
https://brainly.com/question/29392231
#SPJ1
