The liability coverage of your car insurance covers you for damage you cause to other people or their property.

What is a good auto insurance deductible. Generally deductibles tend to be between 250 and 1000. With insurance costs going up many people are increasing their deductibles to 500 on comprehensive and 1000 on collision. If you are a relatively safe driver having a higher deductible can end up saving you on your car insurance premiums.

The higher the car insurance deductible you choose the lower your premiums will generally be. When purchasing automobile coverage you will have the opportunity to choose the amount. Collision is often pricier and makes more sense to go with a higher deductible.

What is a good deductible for auto insurance. For example say your policy has a line of 5000 in coverage. The state where you live also plays a part in the deductible amount.

The most common auto insurance deductibles are 500 and 1000 but drivers should take several factors into account before deciding which amount is right for them. A higher deductible of 1000 means your company would then be covering you for only 4000. How Car Insurance Deductibles and Premiums Work Together.

Most drivers have a 500 deductible. Choose a deductible that makes sense based on the coverage and your financial situation. On average they cost between 500-1000.

2 For instance you could go with 100 deductible on comprehensive and 500 on collision. Depending on your insurer you can typically choose a rate from 250 500 1000 or 2000. A higher deductible means a reduced cost in your insurance premium.