Higher deductibles on auto insurance can be a great long-term strategy for lower premiums. If you're carrying deductibles over $1000 for collision, there is less benefit to file claims for dings and scratches to your car. This may lead to fewer claims, but you will have to pay out of pocket to fix your ride or drive around with the damages. Some people don't mind a few dents on an older vehicle. It goes without saying, don't drive it if it's unsafe.
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