A car insurance deductible is the amount you pay on a claim before your auto insurance kicks in. Read on to learn more.
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What is a car insurance deductible? It’s the amount you have to pay toward a claim before your insurance coverage kicks in to cover the rest.
A deductible is what you pay toward a covered insurance claim. Learn how deductibles typically work with car, home and health insurance coverage.
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Bankrate explains what car insurance deductibles are and how they work.
If you have a covered claim for $1,500 in repairs, your insurer would reimburse you the full $1,500. On the other hand, if you had collision coverage with a $500 deductible, your insurer would reimburse you for $1,000 (covered repairs minus your deductible). Note that if a coverage on your car insurance policy has a d ...
Key Takeaways: ; Full coverage car insurance is protection that includes collision, comprehensive, and liability coverage. ; Often, you can supplement your insurance with uninsured motorist coverage, personal injury protection, medical payments, gap insurance, and other coverage options. ; Full coverage typically costs more than minimum liability insurance; however, it may benefit drivers who want to avoid expensive out-of-pocket vehicle repairs.
An insurance deductible is what you pay for health, auto, homeowners and other types of insurance claims before your coverage kicks in.