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It is hard to say the best deductible to pay for car insurance since it will vary by person. It depends on how much a person could afford to pay out of pocket if they get into a pocket, and if a person thinks that they would get into accidents often.
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∙ 10y ago
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Are car insurance deductibles cumulative or per claim?
Car insurance deductibles are the amount which the policy holder must pay out of their own pocket in the event of an accident. It is standard for deductibles to be applicable for each claim.
What happens if you hit another car owned by you Do you pay the deductibles for both cars?
you have to pay for the damage since insurance will only briefly cover it
What car alarms offers to pay your insurance deductible if it fails?
Insurance deductibles actually work in the opposite way. Your insurance company may require you to purchase separate stereo insurance.
If you hit someone and his or her car is damaged but not yours do you still have to pay your deductible?
Although laws differ from state to state -- there are no-fault states, tort states, and hybrids -- this is the basic idea: Since we assume you are the at-fault driver, your liability insurance -- the property-damage portion -- will cover the cost of repairing the damage to his car. If there is a deductible, you will have to eat that. That's what deductibles are all about. But I'm not aware of deductibles associated with liability insurance. Usually deductibles are associated with collision insurance and comprehensive insurance. If you live in a no-fault state like New York, things may be slightly different. In New York, the other guy's insurance will pay to fix the damage to his car, less the deductible. But he won't have to eat that if you were the at-fault driver. YOUR insurance will pay his deductible.
What exactly is supplemental insurance?
Supplemental insurance is insurance that you can purchase in addition to your regular insurance. It can help pay for expenses such as copayments and deductibles not covered by regular insurance.
How do you pay online for a Continental Car Insurance product?
You do not directly pay Continental Car Insurance. They will search and find you a company and whichever company you choose, you pay. Continental Car Insurance is a free site to help you find the best deal available.
What does homeowners insurance pay for in case of damage to your house?
Your Homeowners insurance policy will pay for damages that result from the covered perils specified on your insurance policy subject to the policy limits and any deductibles listed therein.
If you have to minor car accidents do you have to pay 2 deductibles?
Yes, every incident requires a deductible
What should I know before purchasing car insurance?
You should know what the minimum requirements for your state. From there, think about your car's value, how much you still owe on it, and how much you can afford to pay out of pocket if something were to happen to it. It's best to get quotes from multiple places to compare. When you take out auto insurance they know exactly what state coverage you'll need. If you do not own your vehicle outright, they will know what coverage the lender requires too. So the main thing is to have an idea of what you can afford, what areas (such as towing) you can cut out if necessary, and what deductibles work best for your situation. If you don't have a lot of money, a high deductible will be tempting, but will you be able to afford to pay those deductibles when you have an accident?
What happens to a insurance premium when a deductibles increased?
Generally the cost of the premium goes down. The more you pay out of pocket when you file a claim the less you pay for the premium.
Breaking into a car and car insurance?
If someone has broken into your car, you will want to know you have Comprehensive coverage as part of your car insurance policy. Comprehensive is also known as Comp and will pay our to repair your car. If you have this coverage you will have chosen a deductible (typically either $250, $500, or $1000). A deductible is what you will pay first, and then the car insurance will pay for the rest of the cost of repairs. Comp will only cover what is bolted into the car though. It may also cover the glass in the car, depending on the company you have. State Farm, for example, will pay to replace any piece of broken glass in the car for free without any deductibles. Most state require the windshield be replaced free of charge if you have the Comp coverage.
How much of a 20000 hospital bill would my insurance pay for?
AnswerAssuming it was in benefit etc. the allowed amount would be around $5k. The insurance would pay everything after applicable copays, deductibles, and your portion of the coinsurance.
