An Auto Insurance Update
We are all looking for ways to save money. Fourrier Insurance works hard to offer the best combination of pricing and coverage to all our clients. We recommend that you review your insurance program annually to make sure your insurance is meeting your changing needs. Considering changes in deductibles should be part of this process. Increasing deductibles can reduce your premiums and may save you money in the long run.
Pro:
Increasing your deductible will reduce your premiums. For example, let’s say you pay $225 per month for your auto insurance with a $50 comprehensive and $100 collision deductible. By increasing your deductible to $250 comprehensive and $1,000 collision you might save $75 per month. That is a $900 annual savings. Assuming you don’t have regular accidents, the savings would almost pay for itself in a year. (This is an example only. Actual savings will be based on individual factors)
Con:
If you raise your collision deductible to $1,000 and have an accident the next day, you must pay the $1,000. Are you prepared to manage that? Keep in mind these deductibles will apply even if your car is stolen or a tree falls on it; it does not have to be your fault.
Your deductible and limits are a personal decision and your financial situation plays a part in the deductibles and coverage you choose. We can review your insurance and provide deductible saving options, so please call us today.
Fourier Agency would not be where it is today without superb customer service. Our business started in insurance business in 1946. Fourrier Agency, Inc., a third generation, Louisiana owned agency, represents the most stable and financially secure companies in the marketplace today. We shop multiple A rated companies for you to provide a variety of options to choose from