5. Saving money on your auto insurance - Good and bad decisions A key principle of buying insurance is to retain risks you can afford and insure against risks you can't afford. It is therefore important to recognize that some cost-saving decisions are more advisable than others when choosing types of coverages and liability iimits. Consider Marissa and the adjustments she is considering making to her policy. First determine the effect each chanpe would have on her monthiy premium, then indicate whether each change is generally advisable by selecting "Yes" or "No" in the final column. Smart Savings on Insurance Premiums Marissa's palicy is a FAP and provides liability coverage with limits of 100/300/100,$10,000 medical payment insurance, and uninsured and underinsured motorist coverage with limits of 1/2. She has collision and comprehensive auto insurance, both with a $500 deductible, Suppose Marissa gets quotes from other auto insurance companies and finds that one company offers the same coverage as her current pian but for $15 less per month. Thue or False: Rates do not vary substantially across policies with identical coverage; therefore; you can assume Marissa's current company offers a higher quatity of service and/or coverage than the other company. True False