The most important thing to keep in mind, however, is to make sure you'll have enough money to pay the higher deductible if you do end up in an accident.ģ. But if you aren't driving a lot right now, aren't accident-prone and need to reduce your monthly costs, it could be worth it. This move could cost you later if you're in an accident, though, as you'll have to dish out more money before your carrier covers damages. ![]() Increasing your deductible can lower your premium, meaning when you make a claim you'll increase the amount you have to pay out of pocket before your insurance plan starts to pay out. ![]() Here's an overview of ways to mitigate increasing insurance costs. But there are plenty of ways to keep your money in your pocket. If you drive regularly or even if you're driving more recently, your auto insurance premium might be increasing. Though omicron continues to surge, stalling return-to-office plans for many companies and throwing wrenches in travel plans, traveling is still up this year, with more people hitting the road. ![]() ![]() An ongoing analysis published by Apple shows that mobility significantly increased throughout 2021, especially compared to 2020 when the COVID-19 lockdown was in full force.
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