Auto Insurance Rates - How to Determine Your Deductible

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Yes, this is the expert advice

Yes, this is the expert advice. If you will set your deductible amount as high as possible, you can put what you save on premiums into a savings account. These amounts serve as a reserve source of money, if you have to make a claim and to pay the deductible. It is important to note, that you may not have to make a claim and to use the saved deductible. But what you know is that you have to pay for your car insurance premiums regardless, and this is the reason, why it is wise to keep your deductibles high and the premiums low.

Auto Insurance Rates - How to Determine Your Deductible

By: Juhani Tontti

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