I have been using GEICO for a very long time. There are two cars on my policy. My most recent claim was 3 years ago.(tire lost traction at airport parking lot and the fender impacted the a parking barrier)
Anyway... I was looking on my account to see if there are things that I can take off an make my premiums even lower.
My current deductible fro each car is $1,000. I noticed something very strange. If I dropped it to a $100 deductible, it only added an extra $2.78 to car #1 and $3.26 to car #1. (per month)
It seems only logical that I change my deductible to $100. In case of a claim, I'll pay $900 less in deductible.
Or is my math wrong? Or perhaps there's something else that can happen if I drop my deductible from $1000 to $100? I called a GEICO agent on the phone to confirm the amount and she said they were correct. I didn't ask her why the difference was so little.
Thanks !
Submitted September 15, 2018 at 11:07AM by VeggieLion https://ift.tt/2QyKvyE
