Raising Your Auto and Home Deductibles Can Cut Premiums 15-30%
Raising your deductible from $500 to $1,000 or greater cuts your yearly premium, often by 15-30%. If your emergency situation fund can soak up the greater deductible, you’re self-insuring the space and taking the cost savings every year you do not sue. Ask your insurance provider to estimate 2 or 3 deductible levels at renewal.
