Which coverages have a deductible
- Collision and comprehensive almost always have a deductible.
- Liability coverage does not; it pays others for damage you cause.
- Some policies have a separate deductible for glass, or for uninsured motorist property damage.
The deductible usually applies each time you make a claim.
How the deductible affects your premium
A higher deductible means you take on more of the cost of a claim, so the premium is usually lower. A lower deductible means the insurer pays more of each claim, so the premium is usually higher.
How to choose
- Pick an amount you could pay on short notice without hardship.
- Check whether your lender or leasing company sets a maximum deductible.
- Ask the agent to quote two or three deductible levels so you can see the difference.
Questions
Do I pay the deductible if the accident wasn't my fault?
Often the at-fault driver's insurer pays, and you may not need to use your own collision coverage. If you do use it, your insurer may try to recover your deductible from the other driver's insurer.
Is there a deductible on liability coverage?
No. Liability coverage pays others and does not have a deductible.
Can I change my deductible later?
Usually, yes. Contact your insurer or agent to adjust it, which may change your premium.
