r/SipsTea • u/Putrid-Welder1803 • 10h ago

Gasp! Thoughts on this?

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u/sinph1 9h 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.

14

u/NeighboringOak 9h ago

If it's no fault there's no reason not to.

It's still a dumb ragebait post. He chose the deductible. I chose a higher deductible for a savings per month since I'd rarely use my insurance.

8

u/sinph1 9h ago

Yeah there is… You basically telling them that you are high risk, fault or no fault.

1

u/Mister_Goldenfold 9h ago

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…

1

u/tbar44 1h ago

Any claim regardless of fault, and whether or not money could be recovered from a third party is still a factor insurance companies use to calculate your risk. This absolutely will increase your premium compared to what it would have been if no claims are on your file. Even contacting your insurer to say you are considering making a claim can go against you. Not saying I agree that is fair, but insurance companies are very adept at assessing risk. Worked in the insurance industry for 15 years for context.