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What Does a Deductible Mean on Car Insurance

If you’re like most people, you have at least one car that you use for personal and business purposes. That means you probably have insurance for it. But what is a deductible, and why does it matter? In this blog post, we will explore what a deductible is and why it matters when it comes to car insurance. We will also discuss some of the factors that can affect your deductible, so be sure to read on if you need to know more about this important detail.

What is a Deductible?

Deductibles are a type of insurance coverage that you may pay for. This means that the cost of your car insurance will be reduced by a certain amount based on how much of the claim you are responsible for. For example, if you have a $500 deductible, then the insurance company will only cover $250 of any claim made on your behalf.

What If I Don’t Have Insurance?

If you don’t have insurance, you might be wondering about what a deductible means. A deductible is the amount of money you pay before your insurance company begins to pay for medical claims related to accidents or injuries. The higher the deductible, the more you have to pay out of your own pocket first. This can lower your premiums, but it also means that if there is an accident and your car is damaged, you will have to pay for the damage yourself.

How will the Deductible Affect My Rates?

How a deductible affects rates depends on the policy and your driving record. A high-deductible policy means you pay premiums up front and only face claims cost after you’ve had to pay out money in claims. This could lead to cheaper rates, because the insurer is contractually obligated to discount its rates for people with low claim history. But if you have a lot of claims, your rates could go up because the insurer has to pay more in claims expenses.


A deductible is a subtraction from your car insurance policy that you must pay before the insurance company will cover any damage or losses that may occur to your vehicle. The higher the deductible, the lower your premium will be, as the insurer is obligated to pay out only a certain percentage of total claims in a given year. If you have any questions about deductibles and how they work with your particular car insurance policy, don’t hesitate to contact us at our toll-free number or chat with one of our representatives online today.

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