“Does my deductible amount affect my car insurance rate?”
Although some people may think that deductibles do not affect insurance rates, in reality it can make a difference on car insurance premiums. Typically, carrying a higher deductible can save you money over time – more than enough to make up for having to pay it should such an accident occur. A good driver can go for many years without having to pay a deductible. That means that every year that a safe driver saves on their car insurance and doesn’t pay that higher deductible; it is money in your pocket.