What Does My Neighbor Pay For Their 2020 Toyota Corolla?
 39, Male, Married, Colorado, 80130 |
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| Year/Make Model: 2020 Toyota Corolla |
| Ownership Status: 3 Years or More |
| Discounts: Automatic Card Payments, Smart Technology, Paperless, Snapshot |
| Selected Coverages With Progressive |
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| Bodily Injury Liability: $25,000 / $50,000 |
| Property Damage Liability: $25,000 |
| Uninsured Motorist Bodily Injury: No Coverage Comprehensive: $1,000 Deductible Collision: $1,000 Deductible |
| Other Rejected Coverages: Medical Payments, Uninsured Motorist, Rental Reimbursement, & Roadside Assistance |
Total 6 Month Premium: $972.50
Monthly Installments: $162.54
The client opted for a full coverage auto premium with Progressive. They chose to have a $1,000 deductible instead of a $500 deductible. When choosing a higher deductible on a full coverage policy, in return, it lowers your monthly premium. The reason for this, is that the carrier will assume that you will cover more of the expenses when it comes to filing a claim.