<prompt> Human: Curious to hear opinions as to which level of deductible one should have for their car insurance. I currently have 500 but an toying with the idea of upping it to 1,000 in an effort to save money on my car insurance.  <response>: Paraphrasing from the Bogleheads guide to investing: the cheapest insurance is self-insurance. Make the deductible as high as you can as long as you can afford it.Also, keep in mind the cost of reporting anything less than 1000 and what that would do to your rates. My deductible is 2000 because Id be scared to report anything less than that anyway. 