Generally, the higher the deductible, the lower the premium. Of course, you have to be able to pay the deductible immediately if you're in an accident. If you have an e-fund, you probably would be ok with a higher deductible.
Ask your agent how your premium would change if you increase the deductible to $250 and to $500.
Ours is $500.00. But look at the rest of your policy. If you are carrying collision coverage for the 93,96 and 02 vehicles and they are paid off, you should probably think about dropping it. See how much just liability and comprehensive are costing. Insurance folks don't seem to want to tell you how to save. Eventually you will probably want an umbrella for the liability which raises how much the insurance pays if you are at fault. Good idea if you own a home which could be at risk in a lawsuit. Hope that helps, Megan
Generally, the higher the deductible, the lower the premium. Of course, you have to be able to pay the deductible immediately if you're in an accident. If you have an e-fund, you probably would be ok with a higher deductible.
Ask your agent how your premium would change if you increase the deductible to $250 and to $500.
Kelly
We look to car insurance to help out if our vehicles are completely wrecked, we don't sweat the small stuff.
We have a $1,000 deductible on both cars, and pay $800/yr for the 2 vehicles (2000 Honda CRV and 1997 Ford Ranger).
Danni
cl-phocid, Debt Support Group
All my best,
Danni
I have a $500 deductable.
stacy
On our automotive loans, the bank expects a 500 deductable
Sheila
Insurance folks don't seem to want to tell you how to save. Eventually you will probably want an umbrella for the liability which raises how much the insurance pays if you are at fault. Good idea if you own a home which could be at risk in a lawsuit.
Hope that helps,
Megan
Ours is 500.00 Some you can go to a 1000.00 yes it makes a difference in payments
Just put the deductable amount in a 6 month CD that is due to roll over the month your 6 month policy payment is due.