I tried to save $60 a year on car insurance by raising my deductible and it cost me $1,200 in 4 months

Lee Perry · 2026-11-04T15:30:05.700872+00:00

Back in March I switched my car insurance in Sacramento from a $500 deductible to a $2,000 one to save $5 a month. Felt pretty smart about that $60 a year until I clipped a curb pulling out of a parking lot in April and messed up the front bumper and a wheel. Body shop quote came back at $1,450, and since I hadn't hit my deductible yet I paid all of it out of pocket. So I saved $60 and lost $1,200 over a part I would have paid $500 for before. I'm back on the lower deductible now, and my new rule is to only raise one if I have the full amount sitting in savings ready to go. How do you all decide when a lower monthly bill is actually worth it?

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I tried to save $60 a year on car insurance by raising my deductible and it cost me $1,200 in 4 months | Adulting Fail Stories - Rigidtalk