9. Saving money on your auto insurance - Good and bad decisions Aa Aa Ginny recently went online to review her auto insurance policy. Her policy is a Personal Automobile Policy and provides liability coverage with limits of $100/300/100, $10,000 medical payment insurance, and uninsured and underinsured motorist coverage with limits of $15/30. She has collision and comprehensive auto insurance, and both have a $500 deductible. Consider the following adjustments Ginny could make to her policy and the effect they would have on her monthly premium. Indicate whether each change would be worth the additional cost or cost savings by selecting "Yes" or "No" in the final column of the table. Smart Savings on Insurance Premiums Effect on Premium? Worth It? Switch from limits of $100/300/100 to $250/500/250 Eliminate Coverage C Decrease collision and comprehensive deductible to $100 Suppose that Ginny gets quotes from other auto insurance companies and finds that one company offers the same coverage as her current plan, but for $15 less per month. True or False: Rates do not vary substantially across policies with identical coverage; therefore, you can assume that Ginny's current company offers a higher quality of service and/or coverage than the other company. False True