Is A Higher Deductible Better For Auto Insurance?

  1. 575 POINTS
    Mathew Erickson
    Owner/Agent, Erickson Insurance Agency - Farmers Insurance, Canton, OH
    A higher deductible will decrease the premium you will pay for the auto insurance, but that doesn't necessarily mean it is better.  A higher deductible also means you will pay more out of pocket if you are involved in an accident.  The decision of higher deductible vs. higher premium is one that should be based on what you can pay in case of an accident, and not necessarily what the monthly payment will be, but that is a discussion you should certainly have to determine which option is better for you.
    Answered on July 17, 2013
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