If you are a relatively safe driver having a higher deductible can end up saving you on your car insurance premiums.

What is a good auto insurance deductible. For example say your policy has a line of 5000 in coverage. Generally deductibles tend to be between 250 and 1000. The average car insurance deductible amount is 500 though deductibles can range from 100 to 2000.

Auto insurance deductible amounts can run anywhere from a few hundred dollars to 2000 and the most popular option is a 500 deductible. All insurance policies such as auto home renters business and health will have a deductible. 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. If you had a 500 deductible youd pay 500 and they would pay 500. The disappearing deductible often found in auto insurance policies is a reward for being a lower-risk individual.

Choose a deductible that makes sense based on the coverage and your financial situation. Average Car Insurance Deductibles Insurance companies give drivers different deductible amounts to choose from and most options fall between 100 and 2000. 2 For instance you could go with 100 deductible on comprehensive and 500 on collision.

The higher the deductible the lower your premium but you want to be sure you can pay the higher deductible if you need to make a claim. Most drivers have a 500 deductible. 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.

If they ask the choice is yours your car insurance deductible is a financial decision. A deductible however only applies to specific insurance coverage options. A good deductible for auto insurance is an amount that the policyholder can afford after an accident or unexpected event.