Hello,
First post, thanks for reading. I'm trying to change my financial life around, and I realized that I could save about 35% a month on my car insurance if I moved to a plan that offered a $5K deductible instead of the $500 deductible that I'm currently on.
Normally, the math on this seems obvious to me, but I'm actually not sure about this one. On the one hand, that 35% savings every month adds up and allows me to pay down my debt, save more aggressively, etc. and the entire idea of insurance is that you really should never need it, the likelihood of an accident is small. However, the hit from a $5K deductible (should I need it) would be enough to wipe out my emergency fund.
Does anyone have any thoughts on this?
Submitted October 02, 2017 at 04:23PM by shorescum http://ift.tt/2xbEPj3
