The Smartest Way to Choose Auto Deductibles: Join ADF
Why? By electing the highest deductible allowed by your insurance provider, you lower your premium. But, you don’t only lower your premium, you also GUARANTEE yourself from NEVER having to pay the selected premium if you ever get into an accident. What is Auto Insurance Deductible?
An auto insurance deductible is what you pay “out of pocket” on a claim before your insurance covers the rest. Collision, comprehensive, uninsured motorist, and personal injury protection coverages all typically have a car insurance deductible. You typically have a choice between a low and high deductible. A low deductible means a higher insurance rate, whereas a high deductible means a lower insurance rate. |
Do I Pay a Car Insurance Deductible If I'm Not at Fault?
If the other driver is officially deemed at fault, their insurance company can pay for your repairs if you file them, and you won't have to pay your deductible. If you have collision coverage, you can also choose to go through your own insurer, who will seek reimbursement (including your deductible) from the other driver's insurance company. In situations where fault is shared, you may end up paying all or part of your auto insurance deductible. Keep in mind, if an uninsured or underinsured driver hits you, a deductible may apply to your uninsured/underinsured motorist property damage coverage in certain states. |