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In this episode of Your Next Money Move, Trent and Derek tackle the age-old question: "How high should I set my car insurance deductible?" They break down the basics like how deductibles impact premiums, the importance of an emergency fund, and the benefits of not filing claims. They also tackle the overconfidence bias and the notion that insurance is a bet, and apply those same principles to other types of insurance like health and disability.
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Derek Lawson on LinkedIn
Trent Porter on LinkedIn
By Derek Lawson PhD, CFP® and Trent Porter CPA, CFP®In this episode of Your Next Money Move, Trent and Derek tackle the age-old question: "How high should I set my car insurance deductible?" They break down the basics like how deductibles impact premiums, the importance of an emergency fund, and the benefits of not filing claims. They also tackle the overconfidence bias and the notion that insurance is a bet, and apply those same principles to other types of insurance like health and disability.
Check out our website, where you can sign up for our newsletter and find other free resources:
Your Next Money Move
Connect with us on social media:
Your Next Money Move on Instagram
Your Next Money Move on Twitter
Derek Lawson on LinkedIn
Trent Porter on LinkedIn