I totally get where you’re coming from. We had a minivan that needed a new transmission out of nowhere, and even with some savings, it was a gut punch. I’ve always leaned toward the lower deductible just for that reason—life’s unpredictable, and I’d rather pay a bit more each month than get blindsided. But I know some folks swear by higher deductibles to save in the long run. Has anyone actually come out ahead by going that route, or does it just look good on paper?
Would You Risk A Higher Deductible To Lower Your Insurance Bill?
That’s a really common dilemma, and honestly, your approach makes a lot of sense. I’ve seen plenty of people opt for higher deductibles thinking they’ll save, but it’s a gamble. If you go years without a claim, sure, you might come out ahead. But one unexpected repair or accident can wipe out those savings fast. Personally, I’d rather have predictable costs than risk a big hit all at once. It’s just less stressful, especially when life already throws enough curveballs.