In a follow up of my post on why you should not file windshield chip repairs with your insurance, I found this article in Business Week.com.

Great article by Alex Halperin; and I strongly agree with comments by, financial planner Jeffrey Bogue of Bogue Asset Management. After reading this article I think the day of the low deductible is gone. I know some will disagree with me, but with the high cost of insurance it just makes sense to raise your deductible. As an example ask yourself, when was the last time I replaced my windshield? Was it several years before that time when it needed to be replaced? Many people go years without the need of windshield replacement. That said the savings from a higher deductible could easily cover a replacement. Let alone a chip repair.

I've seen people that think everything that goes wrong with their auto, the insurance should pay for it. I can remember talking with a customer who told me his insurance had just gone up. One day when he complained to his agent he was told, that if he continued to file claims for every door ding, scratch and chip your insurance will continue to climb. From that time on he eliminated the cheap claims and his insurance premiums dropped. Mr. Bogue's statement, "If you nickel-and-dime the insurance companies with these small claims, you may get socked with a premium hike or they may say 'we're not going to insure you'," rings true.

The only thing I question about his advice would be having a $1,000 deductible. A $500 deductible would probably work with most people's budget.

The article can be read by clicking here: Car Insurance Take The High Road