Would You Risk A Higher Deductible To Lower Your Insurance Bill?
I totally get where you’re coming from. I’ve seen people go for the higher deductible thinking they’ll just “never need it,” and then bam—life happens, and suddenly that $1,500 feels like a mountain. Sometimes the monthly savings look good on paper, but when you’re staring down an unexpected repair or medical bill, it’s a different story. Personally, I’d rather pay a bit more each month and sleep better at night... but I know some folks are way more comfortable rolling the dice. Guess it really depends on how much risk you’re cool with and what your bank account looks like after rent hits.
I hear you on the peace of mind thing.
That’s exactly what worries me. I’d rather budget for a higher monthly payment than risk scrambling to cover a huge deductible if something goes wrong. For me, the stress just isn’t worth the savings.“bam—life happens, and suddenly that $1,500 feels like a mountain.”
I get where you’re coming from. I once tried the “save money now, panic later” approach with a high deductible, and let’s just say my wallet still has trust issues. For me, paying a bit more each month is like buying stress insurance... which I need almost as much as car insurance.
I get wanting that peace of mind, but have you ever run the numbers over a few years? Sometimes the savings from a higher deductible add up way more than you’d expect, especially if you’re a careful driver. What’s the point of paying extra every month if you rarely file a claim? I’d rather risk it and keep that cash in my own pocket... unless I start getting unlucky, I guess.