Think of Raising Your Deductibles
7. Think of Raising Your DeductiblesWhile opting for car insurance, you have a choice of a deductible and the amount of money you would have to spend before the insurance will function and deal in an accident, damage, theft or other type of vehicle issue. According to the policy, deductibles typically vary from $250 to $1,000. The catch is that the lower the deductible, the higher the annual premium.
Vice versa, the higher the deductible, the lower the premium. Learn from your agent how your premium can be affected in case you raised your deductible. Sometimes, it may make the yearly premium several percent better and save some money; in other cases you can save almost nothing.