Does it make sense to have a higher collision deductible than your premium?

Answers:1   |   LastUpdateAt:2012-07-06 23:18:07  

Question
CASTBOUND
Asked at 2012-06-15 10:35:32
I am looking for an insurance provider of new car and I'm not really sure how some things work . Does it make sense to have a higher deductible collision that her cousin ?

Also, if you renew your policy before the end of all your deductibles to start over and you have to pay again before you pay anything , as if it were a new policy?

I hope you can understand my questions.

Thank you !
Answer1toddAnswered at 2012-07-06 23:18:07
"Deductible " is what you pay for repairs before the insurance takes over.
If you have any sense , only ' sure ' against risks that can not afford to cover .
(Companies make a profit on what they take in the face of what they pay. )
" Deductible" IIRC is an ' accident ' number.
Related Questions
1
  • Answer This Question:Does it make sense to have a higher collision deductible than your premium?