$1,021 Savings on insurance

Zaggeron

^^ deductible only matters if it is your fault. If it is the other guy's fault, then their insurance pays and their insurance pays the whole amount not the amount - your deductible.

In any case, you can't argue with math. As another poster calculated, he only has to go 1.4 years without a claim against his insurance company.

Look at it this way. If you pay $1000 more a year to have a $500 vs $2k deductible, then you are betting $1000 every year that between now and when your next premium is due that you will have an at fault accident and hence you will save $500.

Would you bet $1000 to win your stake back + $500 on the flip of a coin? The chances are way less than even that you'll make a claim.

Low deductibles are only a good idea if you can't afford to cover the cost of a high deductible. If you can afford to lose 2k, then you will more than make up for it in the long run by having high deductible/lower cost insurance.

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2010 Platinum Graphite 370z Roadster:Touring/Sport
2013 Subaru BRZ Limited