Your auto insurance policy has a $200 monthly premium and $700 deductible. what is the maximum amount you will have to pay out-of-pocket for a car accident before your insurance covers your costs? a$200 b$500 c$700 d$900

For the answer to the question above, every insurance agency has different policies available for the customers. The Monthly premium is based on that package and several other factors such as age and driving history. The deductible is the amount that a customer must pay out of pocket for a car accident before any costs are covered for the repairs, etc. In this case, the amount that will need to be paid is $700 before the insurance covers your costs.