Bogus Fees You Shouldn’t Pay
Better deductible fees
This varies greatly, depending on the situation, but you should consider what you’re paying out of pocket for insurance each month. Perhaps you want a super low deductible on your car insurance—say, $500. That could shoot your monthly payment up to $350 a month. And you never see that money again. Meanwhile, if you allow for a deductible of, say, $1,500, you may see a nice low monthly payment of $175. Should an accident occur, yes, you’ll be on the hook for an extra $1,000 but that’s only if something happens. Meanwhile, with a low deductible play, you hand over roughly an extra $1,000 (or more) a year in monthly costs that you never get back. Even if you have no accidents.