Are you ready to find a way to pay less for your auto insurance each month? Many times, individuals do not realize they could save money on their coverage and pay less with every payment. When you are unsure if this will help you, turn to Travelers insurance agents in Decatur, GA to learn more about the options available to you. With a bit of help with your deductible, for example, you could see a significant savings opportunity.
Understanding Your Deductible
A deductible is an amount you must pay before your auto insurance kicks in to cover the rest. For example, if you are in an accident that is covered by your policy and it will cost $5,000 for your repairs, the deductible is the amount the insurance company will not pay. In many cases, this is $500. You are responsible for $500 worth of the damages. The insurance company then pays the remaining $4,500.
However, you can adjust the deductible to better meet your needs. The more your deductible is, the less your premium costs are. For example, if you always have at least $1,000 in the bank that you could use in an emergency for repairs, consider raising your deductible to $1,000. By doing this, you can significantly lower your premium costs – you pay less each month or with each policy. Only raise your deductible to a level you can afford to pay out of pocket. Too much can be expensive and hard to manage.
Your Travelers insurance agents in Decatur, GA can help you find the right deductible for your needs. Work with your agent to find the right balance. It could help to reduce your costs significantly without limiting the amount of coverage you have.
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