Those with RS4's, what deductible on insurance...
07-03-2006, 04:18 PM
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Those with RS4's, what deductible on insurance...
I was just quoted $991/year with $500 deductible each for comp. and collision. Should I raise it to $1000. It seems that anythng under $1000 I would probably pay for in order to keep my premiums as low as possible. What are you guys doing?
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07-04-2006, 05:01 AM
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Savings in one year may be minimal, but not over time....
Most people are better off going for the $1000 deductible over the $500 deductible. It just makes good financial sense. The savings may seem rather minimal, but it adds up over time.
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07-04-2006, 09:19 AM
#8
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FWIW, $1000 is about $220/year cheaper than $500.
I have a 2 year lease. Assuming no claims it is about a wash over 2 years. If I have a claim, I come out ahead with the $500 deductible. I also write-off the cost of insurance, so the higher premium hurts a little less than if you don't deduct it.
07-04-2006, 02:04 PM
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I am talking over a much longer period of time....
not the course of a single leased automobile, but over the course of 15-20 years. If you are able to save $220 per year over 20 yrs that adds up to $4,400.
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