Usually it is most cost efficient to get a large deductible which will drastically reduce the amount you pay for the service. For instance, raising your deductible from $100 to $500 will save you around 10 to 15 percent. A change from $100 to $1000 will generally save you anywhere from 25 to 30 percent.
If you are in an accident and the damage isn’t substantial, it is more economical to pay to fix the car yourself rather than involve the insurance company and having them raise your premium.
Posted in: Car Insurance