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Yes, you'll pay more to insure a luxury car unless you opt for a liability-only policy. But if you want coverage to protect your valuable vehicle investment, comprehensive insurance will be higher for a luxury model, reflecting the higher cost of replacement parts and repairs.
What else can I help you with?
Is higher coinsurance better for insurance coverage?
Higher coinsurance typically means you will pay more out of pocket for healthcare costs. So, in general, higher coinsurance is not better for insurance coverage as it can result in higher expenses for you.
What are the effects of a good economy to business?
Generally, higher sales, lower input costs, and higher profits.
Is there inexpensive car insurance in Atlanta?
Auto insurance costs more in Atlanta than it does in other parts of Georgia. In Atlanta, the risk is higher and so are many related costs resulting from a claim.
Does Society bear the costs of alcohol related crashes?
Of course, It causes higher insurance rates.
What are the average costs for Florida car insurance?
The average cost of car insurance in Florida is $1,043. This is much higher than the national average. The only state that is higher is New York.
Is car insurance more expensive on a truck?
Truck insurance generally costs more than insurance on a regular passenger car..... if both policies were alike in coverage amounts.
is there insurance for camcorders?
insurance companies actually do provide insurance on higher priced quality items. You may need to do a search or even start calling insurance companies to see what they provide and the costs.
Which type of insurance is designed to cover the costs of help for daily living activities?
Long term care insurance is generally designed for this.
What are the average out of pocket costs for AARP insurance?
Average out of pocket costs for aarp insurance depends on your current medical state. If you have many health issues, your out of pocket expenses will be higher than others with little health issues.
Is COGS a variable cost?
COGS is a mixed bag of fixed and variable costs. Overall, however, it generally behaves like a variable cost; in general, the more units that are produced, the higher inventory production costs will be, and the higher inventory production costs are, the higher COGS will be.
What is an example of the adverse selection problem in the insurance industry?
An example of adverse selection in the insurance industry is when individuals with a higher risk of making a claim, such as those with pre-existing health conditions, are more likely to purchase insurance than those with lower risk. This can lead to higher costs for insurance companies and potentially higher premiums for all policyholders.
Which expenses increases with higher collision rates health insurance or automobile insurance?
Higher collision rates primarily lead to increased automobile insurance expenses, as insurers must cover the costs associated with accidents, repairs, and claims. While health insurance costs can also rise due to injuries from collisions, the direct correlation is stronger with automobile insurance. Insurers adjust premiums based on the frequency and severity of claims, making automobile insurance more susceptible to fluctuations in collision rates.
