There are several ways that you can save money on car insurance, and raising your deductible is one of them. For some people this is a great suggestion, but others would do well to try other things to keep their insurance rates at a more manageable level, like finding a reputable shop that specializes in auto body in San Marcos.
If you’re good about putting money in your savings account on a regular basis, then increasing the deductible on your auto insurance plan could be just the thing to save you hundreds of dollars every year. If you aren’t so good about saving money, then you might want to leave your deductible right where it is, possibly even decreasing it if you don’t have much of a savings account. For example, if you’re a 35-year-old motorist with a clean driving record and you select a cheap auto insurance policy, you could save roughly 50% on your yearly collision and comprehensive coverage by increasing your deductible from $350 to $3,500.
The amount you’ll pay for comprehensive and collision coverage will depend on how much your automobile is worth and the chances that your insurance provider will have to pay out that deductible. There are a few things that you can do to save money on comprehensive and collision repair besides increasing your deductible, including dropping your coverage if you own your car and shopping around for different insurance carriers. If you decide not to drop your coverage altogether, then it might be beneficial for you to check shops for auto body in San Marcos to go ahead and find one that you like and will save you the most money in the event that you were to be involved in an auto accident.
A majority of motorists pay a lot less on collision and comprehensive coverage than they do on liability, which is the insurance that takes care of you in the event that you were to hit someone. Hiking up your deductible an insignificant amount, from $600 to $1,100, for example, might not do you much good to save you money. If you’re a good driver, you’ll more than likely be better off increasing your deductible and putting the money that you save each month in a savings account in the event that you ever do have an accident and have to seek auto body in San Marcos. The longer you drive without being involved in an accident, the longer you’ll go in the future.
Increasing your deductible might increase how much you pay for auto body in San Marcos, but it can be worth it in the long run. Sacrificing the cost of auto body in San Marcos for cheaper insurance might be one of your best options for saving money on car insurance.
