Auto Insurance - Choosing Deductibles
|What are auto insurance deductibles? - It's what you pay in case of a comprehensive and collision (abbreviation: comp/coll) claim which pays for physical damage to vehicles listed in your policy. In a sense, it's the specified amount money, (deductibles) that you pitch in towards your vehicle's repair or replacement. It is important be properly informed in order to make a smart decision when choosing deductibles. This coverage is what may protect your vehicle in case of an at fault accident.|
Choosing auto insurance deductibles is a matter of preference. There is no "better" choice in general. The best choice is what best suits a policyholder's specific needs. Although deductibles can sometimes be set at different amounts for each comprehensive and collision, they usually are the same. The following should help decide which deductibles to choose.
The most common choices of deductibles are as follows:
An important factor in choosing deductibles is price. To find out the difference in prices, get auto insurance quotes on different deductibles and compare the differences to help make a choice.. This way you can take all option into consideration an make a good choice based on your needs.
Keep in mind the following pointers when choosing deductibles:
Related Topic: Help choosing auto insurance coverage to fit the needs and budget.