just renewed my auto policy and noticed my pip deductible was set kinda high by default. lowered it a bit and the premium barely budged. figured if something happens, i'd rather not shell out too much upfront, you know? anyone else played around with their pip settings and found a sweet spot or maybe regretted making adjustments later on? curious how others handle it.
When I was tweaking mine, dropping the deductible barely impacted my premium either. At first, I thought it was just a marketing gimmick... but honestly, after seeing a buddy struggle with upfront medical costs post-accident, I'm glad I lowered it. Cheap peace of mind, imo.
"dropping the deductible barely impacted my premium either"
Interesting you mention that. Did you happen to check how much your coverage limits factored into that premium shift too? Sometimes tweaking the deductible alone doesn't change much, but bumping up your PIP limits slightly can make a big difference in coverage without a huge cost jump. Seen too many cases where people skimped on coverage and regretted it later... cheap peace of mind indeed.
"dropping the deductible barely impacted my premium either"
Yeah, same here... messing with the deductible didn't budge my rate much. But raising my limits bumped it noticeably. Still worth it IMO—saving pennies now could cost big later. Just gotta find your comfort zone.
Still worth it IMO—saving pennies now could cost big later. Just gotta find your comfort zone.
Interesting points made here, especially about the deductible barely affecting premiums. I've handled a fair share of claims over the years, and honestly, I've seen folks regret skimping on coverage more often than not. A few years back, I had a claim come across my desk where the policyholder had opted for a pretty steep deductible to save a bit upfront. Unfortunately, she ended up injured in an accident and was stuck footing a hefty bill before her coverage kicked in. She mentioned later that the small savings weren't worth the stress of having to scramble for cash at such a tough time.
I guess it boils down to personal comfort level and financial situation. For some, keeping deductibles low is just peace of mind—knowing they're not gonna get blindsided by unexpected expenses. Others see it as an acceptable gamble. Either way, it's good you're thinking ahead about these details; too many folks gloss over them until it's too late.
