Is it better to have a $500 deductible or $1000?

A $1,000 deductible is better than a $500 deductible because it will help you lower your insurance costs. The only time you would have to pay the extra $500 on the $1000 deductible is at the time of a claim. Safer drivers who file less claims, experience some of the lowest auto insurance rates available. Having a higher deductible shows the insurance company you are less likely to file claims, and they reward you with a lower insurance rate.

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