Online Vehicle Insurance – What is a Deductible in Auto Insurance
Posted on Saturday, Aug. 7th 2021 6:50 AM by Carol in Vehicle Insurance No Comments »
A dedutible is a predetermined amount your insurer subtracts from your settlement for collision and comprehensive claims. If your auto repairs cost $5,000 and your deductible is $500, you will get a claim check for $4,500.
Generally choosing a higher deductible means cheaper auto insurance rates, but your insurer pays less if a claim occurs. Deductibles do not apply to liability claims.
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Posted on Saturday, Aug. 7th 2021 6:50 AM | by Carol | in Vehicle Insurance | No Comments »