Would you risk a higher deductible to lower your insurance bill?

or just lets me save more for that “what if” moment. I guess it comes down to being honest with yourself about what you can handle if the worst happens.

Higher deductibles can definitely be nerve-wracking, especially when you picture that “what if” scenario where you suddenly need to come up with a chunk of cash. I think your point about being honest with yourself is spot on. One thing to consider—do you have easy access to those emergency funds, or would it take time to pull the money together? Sometimes people forget about liquidity and end up scrambling.

Also, with an older sedan, the repair costs might not be sky-high, but have you checked how much your premiums actually drop by increasing the deductible? Sometimes the savings aren’t as big as you’d expect, so it’s worth running the numbers before making the jump. Just a thought.