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If your car insurance is tax-deductible, you may be able to write your car insurance deductible off as well. This write-off is only possible if you have had to pay that deductible during that tax ...
For example: If you must file a claim, and your deductible is $500 — and the body shop’s bill is $3,000 — your insurance company will only pay $2,500. You’re responsible for the remaining ...
If you have adequate savings, raising your deductible from $500 to $1,000 can significantly lower your premiums. Just make sure you can comfortably cover the higher deductible if you need to file ...
Raise your deductible. If you have full coverage car insurance, which typically includes both comprehensive and collision coverage, you can save money on your insurance premium by raising your ...
Auto insurance costs are up more than 22% since this time last year. It may be time to take that defensive driving course and bank the discount. Car insurance rates are nuts right now.
On the other hand, taking on more of the risk by raising your deductible will lower your premiums. It's no secret that auto insurance rates have soared since the early days of the COVID-19 ...
7. Review your policy before renewal. Periodically reviewing your car insurance policy can help ensure you’re saving on car insurance, but also that your selected coverage meets your current needs.
However, you have uninsured motorist property damage on your policy, so your insurance company could make a payout for your vehicle’s repairs minus your $100 deductible. Other types of car ...
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related to: how can i lower my auto insurance premiums deductible nj tax purposes renewal