Did you know that it is likely you are paying considerably higher premiums when you keep a small deductible?
If you have a $250 deductible or less, Click Here to see how much money you can save when you increase your deductible to $500 or even $1,000. It is likely that you can save hundreds of dollars. The Agent Gurus Network has developed a simple means for you to receive online car insurance quotes from local agents in your area.
If you feel uncomfortable having a larger deductible, think about this question: do you recall the exact date you turned in your last claim? Most people unconsciously feel more comfortable with the smaller deductible just in case they have a claim, yet it could be possible that the amount of money you would save over the long-term by taking a higher deductible would be better for you. Consider this example:
A couple owns two cars and a home with a $250 deductible. The total premium for the year is $1,944. By selecting a $500 deductible, their new annual premium would be $1,742 a savings of $202 per year. Keep in mind that this couple only increased their deductible by $250 since they already had a $250 deductible.
If they remained claim free for two years they are ahead of the game. Now let’s assume they decided on a $1,000 deductible instead. New annual premium would be $1,553 or a $391 annual savings. Over time, assuming they remain claim free they may be better off financially with a larger deductible.
Another factor to consider is that smaller deductibles may encourage insurance buyers to turn in claims.
Do you know what happens when you turn in too many claims? Say goodbye to reasonable insurance rates for three to five years. If you use your car, home, or business insurance policy like an HMO, your insurance premiums could double or even triple.
To keep your premiums low for the long-term, raise your deductibles to five hundred or a thousand dollars. Additional tips and strategies can be found on our web site that show the extra profits insurance companies make when policyholders choose small deductibles.
Click Here to save hundreds of dollars from insurance companies who are willing to give you a great insurance rate when you choose a deductible higher than two hundred fifty.