Consumer reports’ experts recommend to examine your deductibles in order to lower your monthly premium. If you did not have an at-fault accident in a few years and if you have a good driving record, it is recommended to change to a higher deductibles. For example, if you make a change from having $200 to $500 deductibles, you can cut your premium on collision by 15 to 30 percent. However, it is crucial to make sure that you are able to pay the new deductibles in case you need to.

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