Your Next Money Move

Choosing Your Insurance Deductibles


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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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Your Next Money MoveBy Derek Lawson PhD, CFP® and Trent Porter CPA, CFP®