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Big Savings by Increasing Insurance Deductibles

2014-09-28 18:55:12| AutomotiveDigest.com - Automotive Industry News

Americans will drive a few miles out of their way to save a couple of cents per gallon on gas and fastidiously check the air pressure in their tires to improve mileage to save a buck or two, but many fail to take advantage of a simple way to save money: raise the deductible on their car insurance from $500 to $1,000. Car owners save an average of 9% on their premiums with that change, according to insuranceQuotes.com. The savings jump to 16% if they change it from $500 to $2,000. The changes do vary by state: Massachusetts gives the biggest break at 19% for making the $500 change while Michigan provides the smallest cut at just 4%. READ MORE to find out about rates. The Article Big Savings by Increasing Insurance Deductibles appeared first on Automotive Digest.

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