Originally Posted By: raytseng
run the numbers see how much it'll cost you.
A big mistake people do is have a high deductible where a lower deductible is only a little more per period.
OK, you may say that's wasted money, but the underlying reason you got it at all was that you see yourself needing to using it once, and using it once even every 7years can make the math cancel out.
Yeah...it IS wasted money. If you're so hurting that you can't eat five hundred on a claim, then you're going to pay for it via increased premiums, and it WILL cost you more than the deductible over the course of just a year or two.
What's that low deductible get you? A few hundred in a claim? For the low, low price of a few hundred every two years?
The insurance company is in the business of making money...and they know your risk. Every dollar they pay out in claims was supported by a couple of dollars in premiums. Allows them to pay their people, and run their business....so, if you want to be certain that you get a few hundred more in a claim, then you will pay more than that in premiums. They're not giving money away...
Your statement just doesn't make sense...unless you're making a claim every year...and you won't stayed insured long with that kind of history.
Back to the OP: You still haven't stated whether the car was damaged. You said it was covered. OK, so clean off the acorns.
If it is damaged, it's covered under your comprehensive. Read your policy for your coverages and deductibles.