Step 4 of 11 some of the ments.that were stolen, you can use renters insurance to protect yourself financially in case you are robbed again. Click Actions 4 insurance Click the Renters tab on the left. Enter an Amount of Coverage of 5,000 Adjust the Deductible up and down. How does adjusting the deductible affect your yearly premium? The higher the deductible, the higher the premium. The higher the deductible, the lower the premium The lower the deductible, the lower the premium. Cumput Stanux: Working on Stens

The correct answer is: **The higher the deductible, the lower the premium.**<br /><br />Here's why:<br /><br />* **Deductible:** This is the amount you pay out-of-pocket before your insurance coverage kicks in. If you have a $500 deductible and experience a $2,000 loss, you pay the first $500, and the insurance company pays the remaining $1,500.<br /><br />* **Premium:** This is the amount you pay regularly (usually monthly or annually) for your insurance policy.<br /><br />* **The Relationship:** A higher deductible means you're taking on more financial risk yourself. Because the insurance company will pay out less in the event of a claim, they charge you a lower premium. Conversely, a lower deductible means the insurance company takes on more risk, so they charge you a higher premium.<br />