Computers and Technology
Eggheads
55

Your auto insurance policy has a $200 monthly premium and $700 deductible. what is the maximum amount you will have to pay out of pocket for a car accident before yout insurance covers your cost?

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(1) Answers
lhaelha2

Your monthly premium is the payment you make to your car insurance company that keeps your coverage active. A car insurance deductible is the amount of money you have to pay toward repairs before your insurance covers the rest. Therefore $700 is the maximum amount you will have to pay out of pocket for a car accident before your insurance covers your cost.

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