Quote:
Originally Posted by Chocaholic
Ah...ok, apparently like when a rock cracks your windshield. We maintain the highest possible deductibles because in many decades, have never filed a claim. Seems the ins companies know the odds are in their favor. Have been with Geico and have no complaints...but the flow of money has only been in one direction, so not very helpful.  |
The odds are in their favor or they would be out of business.
We pay a relatively small amount annually to limit a possible large out of pocket due to collision.
States have different requirements. In Okla there is a deductible for auto glass replacement. Just had one done on a work truck that required a 250 out of pocket. In Okla I have a choice of comprehensive deductible amount. Most states are the same.
On my personal vehicles I carry a 1000 deductible. Once it gets old and worthless I may only carry liability.
Generally comprehensive doesn't raise your rate unless you have many claims over a period of time.