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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 ...
Lowering car insurance premiums is easier than one might think. ... it too is a quick and easy way to lower auto insurance premiums. For example, raising the deductible from $500 to $1,000 can ...
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 ...
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 ...
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.
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.
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