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If your car insurance is tax-deductible, ... Using your car for both business and pleasure use can make things a bit trickier. ... Buying minimum limits will often result in a lower premium, but ...
For example, raising the deductible from $500 to $1,000 can lower insurance premiums by 10%. For good and safe drivers, making this change shouldn't be too risky.
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 ...
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 ...
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.
Increasing your deductibles to lower your insurance premiums may save you money in the short term, but it can put you in a precarious financial situation if you need to submit an insurance claim.
2. Take advantage of discounts. Another solid strategy when you need to know how to lower your auto insurance rate is to consider discounts. Companies typically offer several discount ...
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