Tuesday, December 9, 2008

Eliminate Auto Deductible

Auto insurance is expensive. Yet when someone has an accident, they are required to pay a certain amount of money (the deductible) before the insurance company pays a penny. It is a fact that the higher the deductible, the lower the auto insurance premium.

When people buy auto insurance, many select a $250 or $500 deductible. Financial experts continue to tell people to select a higher deductible to save money. Many take a lower deductible, because they do not want to pay $1,000 to have their car repaired should they have an accident.

There is a new supplemental insurance that totally eliminates a person's deductible. This insurance does not require a person to switch insurance companies, and all drivers 21 or older are eligible regardless of their driving record. If a person has a $250 or $500 deductible, the deductible insurance may be purchased, in most cases, for little or no out-of-pocket cost.

The Insure My Deductible policy will pay a person's deductible up to $1,000. Therefore, it only makes sense for a person to increase their collision deductible to $1,000. When the deductible is increased, the auto insurance premium is reduced. The savings (15% to 40%) is, in most case, more than enough to pay all or most of the deductible insurance premium.

If you have a $250 or $500 deductible, contact your auto insurance agent and ask how much you would save if you increased your deductible to $1,000. Then, visit www.insuremydeductible.com to get an instant quote.
Then, the next time you have an accident, you will have zero out-of-pocket expense to have your car repaired.