Autoinsurancechoices.com - A guide to our site

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About Car Insurance Deductibles

Some policy holders feel they pay a premium for insurance, they don't want to deal with a high deductible when they have a claim. There is nothing wrong with you if you belong to that camp. Your financial picture will also influence your deductible:

  Available cash: Do you have enough in your savings or checking account to cover the deductible? Many insurance companies won't cover your vehicle until after the deductible's been paid.

  Available credit: Can you cover your deductible with a credit card? .

 Disposable income: Do you have enough in future earnings to cover the deductible (assuming you don't have enough cash or credit on hand)?

  Value of vehicle: If you have an old junker, deductibles on comprehensive and collision coverage shouldn't be an issue since you shouldn't have that type of coverage anyway