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Old 09-23-2011, 08:41 PM   #21 (permalink)
poorazn
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Quote:
Originally Posted by Baconboy View Post
ok, I'm all alone on this one.
Apparently I'm not very smart. Why do so many people think this high deductible is such a bad idea?

I assume most people dont have accidents every 1.4 years (or whatever your math was) and wouldnt in theory their rates increased based on the amount the insurance payed out?

I guess if this is your daily driver, the risk is higher...

edit: I just ran a higher deductible for my policy from $1k to $2.5k deduct on coll and comp, and I will save a whoooooping $68/year.... Doh. Not as lucky as you Baconboy

Last edited by poorazn; 09-23-2011 at 08:57 PM. Reason: quote from insurance
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