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What if garret drops the collision on the car

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Garret has an older car worth about $5,000. He thinks he is paying too much for auto insurance and wants to find out how he can save money. He decides to look into raising his deductible from $250 to $1,000. By doing this, he can save $200 per year.

Problem 1: What if Garret drops the collision on his car? Would that be a smart idea? Are there other car insurance options that Garret can take advantage of to save money?

Reference no: EM132687626

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