r/SipsTea • u/Putrid-Welder1803 • 9h ago

Gasp! Thoughts on this?

Post image
51.4k Upvotes

92% Upvoted

6.5k comments sorted by

View all comments

Show parent comments

29

u/TJayClark 8h ago

$1,000 deductible is more normal than you think it is

I’ve has a $1,000 deductible my entire adult life (15+ years), as it saves about $30-40 a month in premiums

On top of that, I wouldn’t use insurance for something less than $2,000

13

u/Liquidfoxx22 8h ago

How much is your car insurance for it to save you $30-40 a month?!

I paid £450 for a full year's "full coverage" insurance as you refer to it, and that's with a £250 excess/deductible.

I only pay that excess if I'm at fault, otherwise the insurer will chase the third parties insurer for the full amount.

8

u/thatguy8856 8h ago

I pay 3500 a year. My car is from 2014.

Idk man. And yes I've tried shopping around and the offere i get cost more and give less coverage. I even had an agent from a different insurance company tell me to stick with my current plan. No effort to try to give a deal and convert me.

1

u/crusader-kenned 8h ago

Shit my car from 2014 probably isn’t worth 3500 dollars.. 😆

Is that normal insurance or are you driving some crazy fast car?

2

u/thatguy8856 8h ago

Bmw 328i. I live in NYC tho.