I'm looking for small ways to save money on our monthly expenses and I looked at our car insurance policies. We currently have 500.00 deductibles and I was debating about switching to 1000.00 deductibles because there would be a noticable change in monthly premium. It wouldn't be a significant change each month but enough to free up a little. I also noticed we have towing and rental car addons we are paying for on our insurance and I am definitely going to removed that because the amount we have already paid for that would have paid for the towing an rental if needed. The only two claims we have ever had was me backing into a car 10 years ago and someone hitting my car and taking off 3 years ago. What are everyones thoughts on changing to 1000.00 deductibles? What are your experiences with either?
Answer by vicesix at 1:13 PM on Mar. 15, 2011
Answer by Anonymous at 3:45 PM on Mar. 15, 2011
Answer by elize964 at 6:45 AM on Mar. 16, 2011
Answer by elizabr at 1:13 PM on Mar. 15, 2011
Answer by scout_mom at 1:30 PM on Mar. 15, 2011
Answer by Erica_Smerica at 4:59 PM on Mar. 15, 2011
Answer by cafeclubmom at 7:54 PM on Mar. 16, 2011
Answer by tasches at 8:24 PM on Mar. 16, 2011
I would keep a higher deductible and put the extra premium money that I save this way in an emergency fund. Many car insurance companies usually give you towing and labor services as an add-on benefit with your car insurance policy. You might need to shop around for a better car insurance deal.
Answer by amber.knight at 5:39 AM on Mar. 24, 2011