Effect on Premium (increase/decrease)

Advisavle (yeso)

6. Saving money on your auto insurance - Good and bad decisions A key principle of buying insurance is to retain tisks 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 limits. Consider Kin and the adjustments she is considering making to her policy. First determine the effect each change would have on her monthly prenvium, then indicate whether each change is generally advisble by selecting "Yes" or "No" in the final column. Smart Savings on Insurance Premiums Kim's policy is a FAP and provides tabelity coverage with limuts of 250/500/250,550,000 of medical payment insurance, and uninsured and underinsured motorist coverage with lamits of 1/2. She has collision and comprehensive aito insurance, both with no deductible. Suppose Kirn gets quotes from other auto insurance companies and finds that one company offers the same coverage as her current plan but for $15 lew per month. True or false: Rates can vary substanfally across policies with identical coverage; therefore, Kim should consider switching to the cheaper company. fatie True