What amount deductible you carry? I currently have $2000 deductible but thinking about lowering it. But not sure.
Car Insurance Deductible
by Anonymous | reply 2 | January 14, 2022 3:57 PM |
Ooh, that is quite high OP. I guess it depends on how much you’d want to spend out of pocket in the event of an accident. I work in insurance and I often see people going with high deductibles because it lowers their overall premium. However once they need to file a claim they can get pissed off now that they have to pay $1000-2000 out of pocket, sometimes regardless of fault. If you are a great driver with not a lot of accident history I’d say stick with a higher deductible since it’s not likely you’d be involved in a major accident anytime soon.
by Anonymous | reply 1 | January 14, 2022 3:55 PM |
R1 I have something very bad on my driving record and the insurance went way up because of that. So I raised it to $2000 to help lower the premium. But now it's been years since that incident happened and I'm thinking I should lower it to $500 or $1000?
by Anonymous | reply 2 | January 14, 2022 3:57 PM |