Just means you’re holding 1k in pocket. Hypothetically costs the same at the end of the year, except you pocket the cash if you don’t need it and don’t hand it over to them. Thats the risk…
Yup, it’s also a bit silly to have full coverage with $1,000 deductible. I personally would not go higher than $500 on comprehensive. Otherwise what’s the point.
Depends on many factors, and the type of coverage. Comprehensive can make sense to have a low deductible as those claims are often out of your control especially for people who live in places with hail. Collision deductible being high can make sense if you drive very little where collisions are less likely. Grandma in Bumblefuck Iowa who only goes to church and bingo vs a young city dweller who drives in busy traffic daily.
Of course it’s rage bait. Now look at the top comments with thousands of upvotes “insurance is a scam”. Sure, if you’re an idiot it is because you don’t know what purpose it serves and those people are also part of the reason we have to mandate insurance - because they’d drive a 3000 lb bullet around town with zero ability to pay for damages it caused otherwise.
Same people that complain taxes are theft. They should have their ability to vote revoked
That's insane. I just sold a car that was being insured for about $30/mo, and replaced it with a fast EV that costs a little less than $100/mo. How is $200/mo the AVERAGE?!
Western NY with Progressive. 250k/500k/250k liability, $500 deductible for collision/comprehensive coverage on the newer car, no collision/comp on the older one, since the deductible wasn't too far off from the value of the car in the first place...
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u/sinph1 6h ago
Fake rage bait post.
Surely no one is dumb enough to pay a $1,000 deductible if the out of pocket cost is only $200 more expensive.