Deductible
High-Risk Drivers and High Insurance Costs in the State of Nevada
In the state of Nevada, one must abide by the driving laws to maintain a low insurance premium. Insurance companies will look at your driving record when determining a price for your monthly premium. High-risk drivers in Nevada include those who: Have tickets and a history of speeding or distracted driving Have been involved in…
Read MoreWhy Deductible and Is There a Way Around It?
A deductible is the amount of money you agree to pay as your share of the cost of a claim before the insurer is committed to paying the rest of the claim. Deductible helps mitigate the moral hazard in insurance. This means the risk that the policyholder may not act in good faith. So, deductible…
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