When Does Auto Insurance Go Down is a question all car owners want to know. The safest part of our car insurance premium to mess with is the collision deductible.
It represents about one third of our total car insurance premium. The approximate savings going from a $250 deductible to a $1000 deductible is about a 34% drop in our collision premium.
Car Insurance Statistics say on average we can expect to be involved in a collision only once every 17.9 years.
Plus when the other person is the one at fault our insrance company will recoup the deductible from the other guy’s insurance company and refund it back to us.
The potential premium savings over the years far outweighs the slight increase of $750 in risk.