In Ontario the standard deductible offered by insurance companies is 500 for collision and 300 for comprehensive.

What is a high car insurance deductible. Essentially when you have a car accident and file a claim your claim payment will be reduced by the amount of your deductible. All insurance policies such as auto home renters business and health will have a deductible. In most cases you can choose whether you want to pay a higher or lower deductible for car insurance.

Auto insurance deductible amounts can run anywhere from a few hundred dollars to 2000 and the most popular option is a 500 deductible. The average car insurance deductible is 500. Collision is often pricier and makes more sense to go with a higher deductible.

But people can choose a deductible amount anywhere from 0 to. With insurance costs going up many people are increasing their deductibles to. A car insurance deductible is the amount of money you are required to pay when you file a claim for an insured loss.

Not every type of car insurance uses a deductible. Ultimately it comes down to what you prefer. Comprehensive deductibles usually range from 250 to 1000 though they can go higher.

The higher your car insurance deductible is the lower your car insurance premium will be. Average Car Insurance Deductibles Generally drivers tend to have average deductibles of 500. The average car insurance deductible is 500.

Simply put a deductible is an amount that you will pay out-of-pocket on a claim before the insurance company steps in and pays the remainder of what is owed. It lowers your monthly premiums sometimes dramatically. The amount to pay will vary based on each persons individual policy.