Is a $500 Comprehensive Deductible Good
The short version
If that amount would stretch your budget right now, ask for a quote at a lower deductible and compare the monthly difference before deciding.
Once you know what deductible fits your savings and your car, compare quotes to see what that level actually costs.
If you do
You pay a bit more each month, but a cracked windshield, hail damage, or theft costs you less out of pocket when it happens.
If you don't
Fine if you have that amount set aside and rarely file small claims anyway.
Should I raise my deductible even higher to save more money?
Raising it further saves you more on premium, but only makes sense if you could comfortably pay that higher amount out of pocket the day something happens. Right after buying a home, cash is often tighter than usual, so a higher deductible that looked fine before might not fit your situation now.
The way to decide is practical, not theoretical. If the monthly savings are small, a higher deductible isn't worth the added risk. If the savings are substantial and you have the cushion to cover it, it can be a smart move once your finances settle after the move.
