6. 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 in some cost-saving decisions are more advisable than others when choosing types of coverages and liability limits. Consider Sunita and the adjustments she is considering making to her policy. First determine the effect each change would h premium, then indicate whether each change is generally advisable by selecting "Yes" or "No" in the final column. Smart Savings on Insurance Premiums Sunita's policy is a FAP and provides liability coverage with limits of 15/30/15, no medical payment insurance, and uninsured motorist coverage with limits of 1/2. She has collision and comprehensive auto insurance, both with a $100 deductible. Suppose Sunita gets quotes from other auto insurance companies and finds that one company offers the same coverage as hi $15 less per month. True or False: Rates do not vary substantially across policies with identical coverage; therefore, you can assume Sunita's curra higher quality of service and/or coverage than the other company. False True