Most of us know that if you raise your car insurance deductible, you’ll save money.
If you get into an accident, you’ll pay more out-of-pocket.
We’ve given you tips in the past for saving on car insurance likeskipping comprehensive protection.
Another common tip is to raise your deductible.
The more risk you take on in the deductible, the less your insurance costs.
Over at InsuranceQuotes, they surveyed insurance companies rates.
They compared the savings of raising your deductible from $500 to $1,000.
The national average was 9%, but it really varies by state.
In some states like Massachusetts the difference was a whopping 20% but in Michigan it was 3.9%.
Raising your car insurance deductible can save 16%| Insurance Quotes viaMoney Talk News
Photo byTexasDarkHorse.
