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It's just math and probability. If you save $1021 by switching from a $500 to a $2000 deductible, your deductible will increase by $1500 if you have a claim. Thus,
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09-23-2011, 12:29 PM
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Base Member
Join Date: Jun 2011
Location: Tennessee
Posts: 131
Drives: 40th Anniversary
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It's just math and probability.
If you save $1021 by switching from a $500 to a $2000 deductible, your deductible will increase by $1500 if you have a claim. Thus, if you can go more than 1.469 years ($1500/$1021) without a claim, you're saving money by using a higher deductible. There's the math. You have to determine the probability of going more than 1.469 years without a claim.
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