if you’ve done any research about what impacts the price of car insurance, you probably understand that your auto deductible may be the largest controllable factor, besides coverage type, affecting the premiums you pay. Most drivers may also be aware that if they raise their auto insurance deductible, their premiums will drop because of this. Even though many policyholders can be helped by higher deductibles, others might be better served by either keeping a similar deductible or lowering it. Keep reading to determine which strategy most closely fits your financial status and driving habits.
This post originally appeared on the American Express OPEN Forum, where Mashable regularly contributes articles about leveraging social media and technology in small business.