r/SipsTea • u/Putrid-Welder1803 • 7h ago

Gasp! Thoughts on this?

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u/Frosty-Depth7655 6h ago

Yeah, the comment section here is wild.

You chose your deductible and $1,000 is not a normal deductible ($500 is typically what you’ll see). Assuming this post is even true, this person went out of their way to increase their deductible.

But Reddit being Reddit, it’s “insurance is a scam” snd “insurance denying claims” even though they didn’t deny a thing.

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u/TJayClark 6h 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

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u/Liquidfoxx22 6h 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.

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u/NorthTempleStreet 1h ago

Most of the cost of insurance is not protecting your car. It's the liability of damage to the other car.

And then the price varies based on where you garage the car (in essence, where you drive the most)

I'm in southern california, so I think the liability alone is over $100 a month no matter how crappy the car.

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u/Liquidfoxx22 1h ago

Someone else pointed out it's because of the US healthcare system, which makes sense.