Although you may not be thinking of it at the moment but probability plays an important role when reviewing various insurance policies in order to identify the best plan of action for you or your family as well as what deductible amounts better fits your need. Did you know that when selecting automotive insurance and or home owner's insurance, you use probability to determine "how likely" it is that you will actually need to utilize this policy by filing an insurance claim. For example, if 14 out of every 100 drivers or 14 percent of drivers within your neighborhood have had a collision with deer during the past year, would you purchase comprehensive or liability insurance on your car? Be sure to explain your reasoning/rationale.