Auto insurance deductibles have a huge influence on the cost of your premiums, and the amount of protection you’ll have in different situations. Read on to find clear advice and information from our expert authors about deductibles, including how low or high your auto insurance deductible should be, and how to understand your policy so that you’re sure what your insurance covers with the deductible amount you have now.

Auto Insurance Deductibles: How Much Should They Be?

Auto Insurance Deductibles: How Much Should They Be?
By Darryl Lee

When figuring out how much you want to spend on an insurance policy, surely the thought has crossed your mind. “If I choose a higher deductible, my rates will be lower”. Before you go ahead and choose one, take a few things into account including the actual savings, your driving and claims history, and how much you can afford. The following will address a bit of what should be considered before choosing a particular deductible amount.

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Auto Insurance Deductibles: How Much Should Your Deductible Be?

Auto Insurance Deductibles: How Much Should Your Deductible Be?
By Lori Mandell

We would all like to save money when it comes to buying auto insurance, but, as my mother always told me, don’t be penny-wise and pound foolish.  If you have never purchased auto insurance before, or even if you have, you should be aware that one of the important decisions you will have to make is at what dollar amount to set your collision and comprehensive deductibles.  For these two types of coverage, the deductible amounts will be a determining factor in how much your premium is. 

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