How do you decide your insurance deductible?

[scfr]

MooseBucks - From your post and the chart, it sounds like a $500 deductible is something you'd feel comfortable with and might make the most sense in your situation.

Do you have a car note (loan)? If so, are there rules imposed by the lender that must be followed as far as deductible amount?

Another question to ask yourself is: at what amount would you actually file a claim? If you had $800 of damage, and a $500 deductible, would you file a claim for the $300 knowing your insurance rate might go up?

Although I have now dropped C&C coverage on my "newer" car (KBB $9.4K), I used to have a $1K deductible that I thought of as "only if the car is totaled" coverage.

[MooseBucks]

MooseBucks - From your post and the chart, it sounds like a $500 deductible is something you'd feel comfortable with and might make the most sense in your situation.

Do you have a car note (loan)? If so, are there rules imposed by the lender that must be followed as far as deductible amount?

Another question to ask yourself is: at what amount would you actually file a claim? If you had $800 of damage, and a $500 deductible, would you file a claim for the $300 knowing your insurance rate might go up?

Although I have now dropped C&C coverage on my "newer" car (KBB $9.4K), I used to have a $1K deductible that I thought of as "only if the car is totaled" coverage.

I ended up going with $250 for comprehensive on my 2013 and $500 on the 2017. Both cars have $750 deductible for collision.

In terms of when I'd file a claim on my insurance - if I ever hit another vehicle regardless of damage. I'm not opening myself up to potential personal liability by not filing a claim. If I hit a deer or was in a single car accident with no other property damage but my car I'd have to think about what my threshold is.