What Is An Auto Insurance Deductible?

A deductible is a word auto insurance companies use to describe the amount you would have to pay yourself (out of pocket) for auto repairs if you were in an accident. A lower deductible usually means you pay a little more for your auto insurance.

Example Of A Deductible

If you have a $500 deductible and your repair costs are $250 for a paint scratch, since the repair does not cost more than $500, then you will have to pay that $250 repair cost yourself.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post

Short Answer Guide on top Collision Repair F.A.Q.'s

Next Post

Does Insurance Cover Scratches On A Car?