$1,021 Savings on insurance

Baconboy

ok, I'm all alone on this one.

With risk comes reward, history shows me the risk is low and the numbers show the reward is not only high, but pays back annually.

Personal accountability and financial responsibility are out of style, but if I save the money that I'm not giving to the ins co for about 15 months, it will offset the deductable 100% then and I put 1k in my pocket annually. (After I reserrect this thread to say "I told you so" )

ChrisSlicks

I'm with you. I have 5 vehicles I insure in MA right now, I think I'm going to try this, it will probably pay for itself in the first year.

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poorazn

Apparently I'm not very smart. Why do so many people think this high deductible is such a bad idea?

I assume most people dont have accidents every 1.4 years (or whatever your math was) and wouldnt in theory their rates increased based on the amount the insurance payed out?

I guess if this is your daily driver, the risk is higher...

edit: I just ran a higher deductible for my policy from $1k to $2.5k deduct on coll and comp, and I will save a whoooooping $68/year.... Doh. Not as lucky as you Baconboy