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We are all looking for ways to save money. L.A. Bowen Insurance Agency 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 on your Utah auto insurance can reduce your premiums and may save you money in the long run.

How Your Deductible Works

An auto insurance deductible is the amount of money you pay out of your own pocket, before your car insurance company begins paying the additional costs. For example, if you have a $500 deductible and the estimated damage to your car is $1,200, you would pay $500 and your insurance company would cover the remaining $700.



The higher the deductible you choose, the more money you save on car insurance rates. 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)

Another benefit that may result from raising your deductible is the higher amount may prevent you from filing a small claim that ultimately would just end up raising your rates again.


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.

Think About This

The deductible amount is your decision. To help you decide on a deductible amount that best fits your situation, consider the following.

  • Do you have a good driving record, no tickets or accidents?
  • Will the premium savings allow you to save enough “in case” you do have an accident?

We will utilize ALL our markets to give you the best possible combination of coverage, price and services; that is why we are called The Insurance Mall. We know you have choices, so we thank you for choosing L.A. Bowen Insurance Agency.

Posted 11:47 AM

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