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

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

I get that, but I actually ran some numbers and for me, the savings from a higher deductible outweighed the risk—at least statistically.

- Love that you actually crunched the numbers. Most folks just go with their gut.
- Higher deductible can totally make sense if you’re not likely to file claims often. If you’ve got a solid emergency fund, it’s less stressful too.
- That said, I’ve seen people get caught off guard by back-to-back events—like a hailstorm one year, then a kitchen flood the next. Statistically rare, but it happens.
- Peace of mind is hard to quantify. Some people sleep better knowing they won’t have to shell out $2k if something goes sideways.
- For families juggling a lot (kids, aging parents, etc.), sometimes paying more up front is just easier on the nerves.

It really does come down to your risk tolerance and how much “what if” stress you want to carry. There’s no one-size-fits-all answer here... just trade-offs.

I get where you’re coming from, but I’ve gotta push back a bit on the “statistically rare” part.

“I’ve seen people get caught off guard by back-to-back events—like a hailstorm one year, then a kitchen flood the next. Statistically rare, but it happens.”

I hear you on the “stuff happens in clusters” thing. I’ve had years where my ‘72 Chevelle needed a new carb, then the daily driver’s alternator died a week later.

“If you’re juggling classic rides or an older home, sometimes the peace of mind is worth the extra premium.”

Yeah, I get that—sometimes it feels like the universe just lines up all the repairs at once. I’ve tried the higher deductible route before, thinking I’d save a few bucks, but then my ‘68 Mustang needed a new fuel pump and my washer died in the same month. Ended up regretting it. Do you ever factor in how hard it is to find parts for your Chevelle when you’re weighing insurance options? Some of this old stuff isn’t cheap or easy to replace...

- I get where you’re coming from, but honestly, I lean toward the higher deductible.
- Here’s why:
- I keep a “car fund” stashed for emergencies—makes the deductible less scary.
- For rare parts, I’ve had luck with online groups and salvage yards, even if it takes a while.
- The monthly savings add up, especially if you don’t file claims often.
- Sure, it stings when two things break at once, but for me, the lower premiums have outweighed the risk... so far, anyway.
- Guess it depends how much you drive your Chevelle and how comfortable you are hunting down parts.