3. John, Alyson and Jared all selected identical new cars at the same price. John bought the car with some of his own money and the rest a car loan. Alyson bought the car with cash. Jared leased the car. What is true about their options for car insurance?

Given that John, Alyson and Jared all selected identical new cars at the same price and that John bought the car with some of his own money and the rest a car loan and that Alyson bought the car with cash and that Jared leased the car.

The truth about their options for car insurance is that Alyson is able to reduce the cost of insurance by selecting legal minimum.

Alyson has the option to choose the less expensive liability-only insurance coverage.