Please do auto or renters. Also, do *not* give an example of ABC insurance. Thank you! Also provide link!

Please do auto or renters. Also, do *not* give an example of ABC insurance. Thank you! Also provide link!

Please do auto or renters. Also, do *not* give an example of ABC insurance. Thank you! Also provide link!

OBJECTIVE: To discover how the size of the deductible affects the premium by comparing 2 policies of the same line (type) from the same carrier with different deductibles. This exercise involves a little research that will give you an idea of first, decide which line of insurance you will research (choose one):Auto, Renters or Homeowners Then choose the insurance company you will research. Choose just one carrier. Finally, research the carrier's premiums for 2 different deductibles (e.g., \$250 and \$500) for the type of policy you chose. You will need to provide a source (see below). The source can be a link to the carrier's Web site or a statement such as, "conversation with XYZ Ins. Co. Agent Joanne Smith, 2/20/2023." Questions: 1. Post the premiums in the format below Insurance Co.: type of policy: 1st deductible: premium based on 1 st deductible: premium payment frequency: 2nd deductible: premium based on 2 nd deductible: premium payment frequency: source: (need a source) 2. What is your reaction to the difference in premiums in 1 above? If you were purchasing the policy, which would you prefer, the lower deductible with the higher premium, or the higher deductible with the lower premium? Why