Some insurance agencies are enticing customers by offering “vanishing deductibles” on car insurance policies. Purportedly meant to encourage safe driving, the plans take, say, $100 off customers’ deductibles for each year they don’t file a claim. For example, if a customer’s deductible starts off at $500 and five years pass without a claim being filed, the deductible vanishes completely and the customer doesn’t have to pay anything when he finally files a claim. [More]
