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What is a deductible in auto insurance?

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2010-10-14 02:24:40
2010-10-14 02:24:40

A deductible in any kind of insurance is, basically, the minimum amount before the insurance "kicks in." On any repairs covered by your insurance, you will have to pay the deductible amount before the insurance will pay anything.

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Related Questions


Yes. Most insurance companies do have a deductible for this kind of insurance. Most deductibles are 500. This can be a normal charge for a deductible.


Insurance for one's personal property such as auto or homeowner's insurance is tax deductible. Other tax deductible insurances are medical and dental insurances.


Usually there is a deductible on comprehensive coverage auto insurance. The deductible can range in different amounts usually from 0 to $1000 or even higher if it is a very expense vehicle.


You do not pay a deductible for the car that you hit. Your liability coverage does not have a deductible.


Yes, Your comprehensive deductible on your auto insurance policy applies.


Yes. In many cases your insurance company may waive your deductible if the third party's insurance company accepts liability.


that depends on your auto insurance, not the state.


The most popular deductible is $500. But with very cheap insurance you can look to have a $1000 deductible some times.


You are able to chose your own deductible, but you have the car financed or leased, they may dictate the maximum limit.


The average deductible for window and glass in auto insurance coverage ranges anywhere from 0 to 500 dollars. There is no set number as all insurances have different payment schemes.


Not with respect to personal auto insurance. However, when commercial auto insurance is involved, especially fleet coverage, there sometimes is. It is not called a deductible, but a "self-insured retention". The insured selects an amount that it is willing to pay toward the indemnity of a third party before the insurer's obligation to pay is triggered.


Nationwide.com has cheap auto insurance and tips on how to find cheap auto insurance. Some tips are driving a used car that won't be that much to pay for insurance or raising up your deductible.


WHEN WHEN when is health insurance deductible paid when? When?


Your premium is pretty much your monthly bill, after deciding what type of deductible you plan on choosing. The higher deductible the lower your premium will be.


It is the liability portion of your auto policy that pays for the damage to another vehicle that you hit. There is no deductible to fix the other car.


Yes, but is sometimes less than deductible, so no coverage.


An average price range for State Farm auto insurances is about $350 a month. It includes a $500 deductible, however you only get one deductible per year. If you do not use that deductible they will send you a check of $250.


A premium is the amount of money you pay the auto/health insurance company monthly, quarterly, or biannually whether or not you get in an accident or go to the hospital. The higher your premium the lower your deductible, and the lower your premium the higher your deductible. A deductible is the amount of money after you get in a car accident or visit the hospital before your insurance company pays anything. After you have met your deductible the insurance company covers the rest of the expenses.


When you have a deductible in your plan, before your insurance starts paying for the coverage, you have to meet the deductible after which the insurance starts paying its portion.


In terms of auto insurance, the deductible is the amount the policyholder is committing to pay if their vehicle is damaged or stolen before the insurance company is responsible for paying out a claim. A deductible applies to both comprehensive and collision physical damage coverage. Comprehensive will pay for damage or loss to your vehicle resulting from fire, theft, vandalism, hail damage, and wind. Collision pays for damage caused by an accident. You will be required to choose a deductible for each coverage ranging from $0 to $2000. While higher deductibles offer lower auto insurance rates, you will be responsible for paying this amount before the insurance company will cut a claims check. Choose a deductible that is practical for your situation.


Yes, you are correct. Items in your vehicle that are damaged in an accident or fire or whatever are not covered by you auto insurance unless they are part of your vehicle. The alternative is that they are covered on your homeowners insurance. The downfall to this is that you will have a deductible on your homeowners insurance that you will have to meet first.


Because this was an at-fault incident, the 500.00 deductible is your responsibility. You as the owner of the vehicle allowed your friend to drive the car to begin with. Your friend in all fairness should pay you the 500 dollars. Why is your friend's insurance paying you? Your own comprehensive/collision policy should pay you (less the deductible) and then "subrogate" the claim to your friend's auto or general liability insurance or sue him directly if he has no insurance and send you the deductible after they have collected.


No. They are responsible for their own deductible. Because, when my van got hit, which was parked, I had to pay my deductible before the insurance company would cover it!


Yes, if your own insurance is paying for an accident that you were at fault for provided you had full coverage and they are paying for your car. If the accident was not your fault, no you will not pay a deductible.


Do not attempt this yourself. Not a DIY repair. Call a professional auto glass center and have them replace it. This is probably covered by your auto insurance with no deductible. Call your insurance carrier to find out.



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