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Is having a high deductible auto insurance plan in California cost effective?
Wiki User
∙ 14y ago
A high deductible auto insurance plan is one of the best ways to save on the expense of policy premiums, which can be a real help to mitigate costs for California drivers. By raising the deductible amount, you sacrifice protection from minor damages like a broken windshield. But in return, you are still covered for major damages and your premium bill will be much lower.
Wiki User
∙ 14y ago
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Which of these will not cause your insurance premium to be higher?
Having a high deductible will not cause your insurance premium to be higher.
What are the pros and cons of purchasing an insurance plan with a low deductible?
The pros to having an insurance plan with a low deductible would be that you do not have to pay as much money out of pocket if something happens and you need to use your insurance. The con of having a low deductible is that your monthly payment will be higher than if you had chosen a plan with a higher deductible. Generaly, if you are young and healty with very few trips to the doctor, go with a higher deductible. However, be sure you choose a deductible that you can afford to pay in the event something actually does happen to you.
How can comprehensive car insurance be cheap?
Comprehensive car insurance can be cheap by having a higher deductible, getting any available discounts from your insurance carrier, or having a lower amount of coverage. You can also have cheap comprehensive insurance by having a less expensive car.
How do you know when you will receive an insurance check for your car?
What you should do if you are having your vehicle repaired is to endorse the insurance check to the body shop and write another check for your deductible and pick up your car.
Can you get Arrested for not having car insurance in California?
Yes. It is uncommon, but yes.
What is the difference between only having liability and having complete car insurance?
"Complete car insurance" would also include coverage that covers anything that can physically happen to the automobile, normally after some sort of a deductible that the named insured must pay first.
Which is better 500 deductible or 1000 deductible?
It depends. If you plan on having a lot of claims against the insurance, 500 deductible is a better deal. If you only want the insurance to protect you from MAJOR disasters that don't usually happen in your life, 1000 deductible is much less money. For the difference in the cost of the insurance, I'd much rather have the 1000 deductible. I'd just put the difference in the cost of the premium into the bank and let it draw interest. Then, when/if I have a claim, I would use that money to make up the difference. In the end, it's all just a crap-shoot. Insurance companies are betting that you'll NOT cost them more than the premium that you pay, that's how they make money. On the other hand, we're ALL hoping that we never have to use the insurance but want them to take care of EVERYTHING if we have a problem.
Whose insurance pays for the birth of a child in California if the parents are not married but both have insurance?
The female since she's having the baby.
What are the benefits of a high deductible insurance plan?
Whether for health or automobile insurance, these plans require you to pay a greater part of the cost of insured services. The benefit is that your premium is lower--with auto insurance, frequently increasing your deductible can reduce your premium by more than the deductible (i.e., if you raise your comprehensive from $250 to $100, you would save $160 a year). There is also a secondary benefit in that you will make fewer claims which will reduce the likelihood of your policy being cancelled or having your premiums go up in the future.
Do you want a high insurance deductible?
It depends on the person. The advantage to a higher deductible is lower premiums, however, the disadvantage is having to come up with a large sum of money if you're involved in an at-fault accident. A good question to ask yourself is (for instance, if your deductible is $1000), "If I'm involved in an accident that is my fault, can I come up with $1000 quickly?"
IN CA When you do not have any insurance and the person who took your car without permission has no insurance and causes an accident can the other parties insurance co sue the owner of the vehicle?
California is a mandatory insurance state. Under California tort law you would be able to be sued for not having insurance as mandated by law.
Where to find cheap insurance for young crazy driver?
The best approach is to work with an insurance broker such as Nationwide who can obtain quotes from a variety of insurance providers. There are also a few things one can do to reduce the cost of the premium. These include having anti-theft devices for the insured vehicle, having the young driver take a defensive driving class, and raising the deductible.
