I get your point about peace of mind, but honestly, I've always leaned toward a higher deductible myself. Yeah, it's a bit riskier, but over the years I've saved enough on monthly premiums to cover the difference if something happens. Plus, knowing I'm saving money every month actually gives me peace of mind too...funny how that works. Of course, everyone's comfort zone is different, but thought I'd toss in another perspective.
I've gone both ways, but with my current car (higher-end model), I prefer a lower deductible. Repairs can get pricey fast, and I'd rather not stress about unexpected hits...but yeah, totally depends on your situation and comfort level.
Yeah, makes sense to me. Have you ever had a higher deductible and regretted it later? I've usually stuck with higher deductibles to keep premiums down, but I get the appeal of less stress when something goes wrong... peace of mind counts for a lot.
"I've usually stuck with higher deductibles to keep premiums down, but I get the appeal of less stress when something goes wrong... peace of mind counts for a lot."
Totally get where you're coming from on that, but have you ever thought about it from another angle? Sometimes lower deductibles can actually encourage people to file smaller claims more often, which might bump up your premiums later. I've seen folks regret that too. Maybe it's less about peace of mind and more about finding that sweet spot between affordability and practicality... thoughts?
"Maybe it's less about peace of mind and more about finding that sweet spot between affordability and practicality..."
That's exactly how I approach it. I commute daily, so I've crunched the numbers quite a bit. For me, it's helpful to first estimate how much I'd comfortably pay out-of-pocket if something happened. Then I compare the premium savings of higher deductibles against the likelihood of actually filing a claim. Usually, I end up somewhere in the middle—high enough to save money monthly, but not so high that an unexpected repair would sting too badly...
