I've been trying to figure out the best way to pick my car insurance deductible lately, and honestly, it's a bit of a headache. Here's what I've been doing: first, I looked at my savings account to see how much I could comfortably pay if something happened. Then I compared monthly premiums at different deductible levels—like $250, $500, and $1000—to see how much I'd save each month by going higher.
After crunching some numbers, I realized that if I went with the higher deductible, I'd save enough money over a year or two to cover the difference if I ever had an accident. But then again, there's always that nagging worry about having to suddenly cough up a grand if something does happen, you know?
Anyway, that's my method—basically just comparing savings vs. risk and seeing what feels comfortable. But I'm curious if anyone else has a smarter or easier way of figuring this out. Maybe I'm missing something obvious?
I went through something similar when I got my Audi last year. Ended up going with the higher deductible because, like you said, the savings added up pretty quick. Still, every time I hear a weird noise on the highway, I can't help but second-guess myself...
Totally get where you're coming from—I've been driving for decades, and that little voice in your head never fully goes away. But honestly, choosing the higher deductible usually pays off in the long run. I've saved enough over the years to cover minor repairs without even touching insurance. And those weird highway noises? Most of the time, it's just paranoia talking...or maybe a loose water bottle rolling around under the seat (been there, done that). Hang in there, you're doing fine.
I've always leaned toward higher deductibles myself, even though I drive a luxury car. Here's how I see it: first, set aside the difference you'd pay monthly into a separate savings account. After a year or two, you'll have a nice cushion for minor repairs without involving insurance. But I do admit, sometimes the anxiety of hearing a weird noise in an expensive car can make you second-guess that decision... Anyone else find themselves reconsidering their deductible after a particularly pricey repair?
- Higher deductibles make sense on paper, but honestly, with my car (German import), repair costs can escalate insanely fast.
- Had a minor fender-bender last year—just cosmetic damage—and the bill was eye-watering. Made me rethink if saving a few bucks monthly is worth the hassle.
- Still, I get your point about setting aside monthly savings separately; might give that a shot and see how it feels after a year or so.
