The Automobile Insurance Blog

Auto insurance grounding, Tip 2

2. Don’t have a tiny deductible.

When buying auto insurance, consumers frequently think of it as a way to protect themselves against every ding and scratch. That’s a bad idea. One should insure for what you cannot afford to lose. That means, don’t have a miniscule deductible of $100 or even $250. If you nickel-and-dime the insurance companies with these small claims, you may get socked with a premium hike or they may say they’re not going to insure you.

Policies with higher deductibles that extend to higher coverage levels are not necessarily more expensive and protect drivers from costs associated with more serious car problems. Higher-deductible policies also cost less.