Is Raising My Auto Insurance Deductible a Good Idea?

When looking for auto insurance in the Winder, GA area, you may have received a quote from H2M Insurance that showed a lower premium when you opted for a higher deductible. While it seems like a good way to save a few dollars on your monthly bills, is it really the best choice for you?

Can You Afford a High Deductible?

If you generally have a healthy rainy day fund and can replace the large deductible without creating a serious problem for your lifestyle, the higher deductible option might work for you. While it isn’t likely you’ll have a car accident next week or maybe even this year, the fact is at some point everybody is involved in an accident that results in major repairs to their vehicle at some point. If the higher deductible would pose a serious problem for you to pay, it may be wiser to pay the higher premium.

Low Deductible Minimizes the Trauma of an Accident

Most people who own a vehicle can pay the standard deductible to cover emergency repairs without causing a serious dent in their checking account or lifestyle. While dealing with the inconvenience of putting your car in the shop can be a pain, the impact on your life isn’t long lasting. Thus, when you have a low deductible on your plan, fixing up the fender bender really results in nothing more than a few extra appointments around town and some paperwork. 

If you’d like to learn more about your monthly premiums for your Winder, GA auto insurance, give your agent at H2M Insurance a call. They’ll be happy to help you out. You can also visit our offices for a more personal experience, but if you are stuck at home, try our online rating tool to get quotes on your auto insurance policies.