276 Section 5.6 per year on your auto insurance premiums by raising your deductible from $250 to $500," says Jeff Brown, president of Brown's Insurance Agency in Manassas, Va. "But if you are a younger driver, you might be able to save as much as $250 or $300." Shop around to find the best rate and investigate if a higher deductible is for you. If you can save $300 each year by raising your deductible from $250 to $1000 and you put this savings in the bank, your yearly risk will quickly go down and you will come out ahead. 1st year - Risk $700 vs $250 out of pocket if something happens. 2nd year. - Risk $400 vs $250 out of pocket if something happens. 3rd year-Risk $100 vs $250 out of pocket if something happens. 4th year - You have $1200 in the bank and you have $200 over your deductible. Source: www.bankrate.com Dan's Freshman Year Credit Score: 650 5.6 Class Project Dan and Dave are freshman in college, both have a credit score of 650 and are starting to build a credit history. They each have a credit card