There's a correlation between the deductible amount and your insurance rate. If you have a higher deductible, your premiums will typically be lower. Conversely, you can expect your premiums to be higher with a lower deductible. Important note: When and how a deductible applies can vary based on the type of policy. Learn more in the section ...

The most common deductible our drivers choose is $500. Here’s a simple way of understanding it: Higher deductible = Lower car insurance rate, higher out-of-pocket costs. Lower deductible = Higher car insurance rate, lower out-of-pocket costs. Let's compare a …

How much is the deductible for UMPD? The amount of your UMPD deductible will vary based on your state. It usually falls in between $100-$1,000. Note that some states may have a separate deductible for hit-and-run claims. You may not have the option to choose your deductible amount for UMPD coverage. Learn more about car insurance requirements ...

Lower deductible. A lower comprehensive deductible saves you money on out-of-pocket repair costs, but you'll usually have a higher insurance rate. If you're OK with paying a bit more on your car insurance in exchange for lower repair costs, or anticipate needing to file a claim or two, then a lower comprehensive deductible may make sense for you.

The lower your deductible, the less you'll have to pay out of pocket per claim, but you'll also pay a higher insurance premium. Depending on your insurer, you may have either an annual deductible that you pay once a year or a per-incident deductible that you pay with each claim. In either case, the deductible is usually applied after factoring ...

If you have comprehensive coverage and meet all coverage requirements, your insurance company cannot apply a deductible for a covered windshield replacement claim in these states: Kentucky; Florida; South Carolina; These three states waive the deductible for windshield claims, so they are often referred to as "zero deductible" states.

* Deductible Savings Bank is available at an additional charge with comprehensive and collision coverage and a minimum deductible of $500. Six-month policies earn a $50 benefit and 12-month policies earn a $100 benefit that reduces the deductible for every policy period in which there are no applicable accidents or violations.

In general, it's worth filing a claim for glass or windshield damage if the repair cost is higher than your car insurance deductible. For example, if your windshield replacement costs $400 and your deductible is $250, you'll only pay $250, and your insurer will pick up the remaining $150. Does filing a windshield claim affect my insurance premium?

Collision coverage is optional, but many leasing companies and lenders require it as part of their loan/lease agreement. When you add collision coverage to your auto policy, you'll choose a deductible amount, which is the amount you'll pay out of pocket to repair or replace your car when you file a collision claim.

If this is the case, your comprehensive insurance will still cover it. Depending on your state and policy, you may have to pay a deductible. For instance, if it costs $800 to replace your windshield and your comprehensive deductible is $100, you’ll pay only $100 toward the cost of …