I keep running the numbers and it’s honestly kind of overwhelming. Like, I get what you’re saying about the higher deductible being the better deal if you’ve got a cushion, but I keep second-guessing myself because I’ve never actually had to file a claim before. Part of me thinks, “what if I finally do and it’s a huge bill?”
This bit caught my eye:
If you’ve got a decent emergency fund, sometimes it’s just smarter to keep your monthly costs down and take the higher deductible gamble.
I do have some savings, but then I start wondering how big an “emergency fund” is enough? Is there a rule of thumb for that? Also, does anyone factor in stuff like how likely their car is to get dinged up, or if they live in an area with more break-ins? I’m probably overthinking it, but I just don’t want to be caught off guard. Curious if people actually regret picking a higher deductible after something happens, or if it usually works out.
