WebI would say it all depends on your driving history and your finances. You said you have at least $1000 saved, so you can afford to pay the deductible either way. As far as driving history goes, if you average one claim a year in which you have to pay the deductible, you should get the $500 deductible. Web20 feb. 2024 · A higher deductible will result in lower premiums but out-of-pocket costs are higher. Increasing the deductible from $100 to $250 might cause premiums to decline by close to 30%. But if someone...

$500 or $1000 Auto Insurance Deductible? Policy Advice

Web31 jan. 2024 · The average auto insurance deductible is $500, but you could also select amounts like $250, $1,000 or $2,000. One benefit of choosing a higher deductible may be a lower premium. Web8 dec. 2024 · Typically, the deductible for car insurance is a flat amount, such as $500 or $1,000. Here’s a quick overview that we’ll explain in detail: Comprehensive, collision, personal injury protection ... im your huckleberry t shirt

What is a comprehensive deductible in car insurance?

Web14 apr. 2024 · If you have a $500 deductible and file a claim with your insurance company, your insurer would pay the remaining $2,500. The most common auto insurance deductible levels: $500. $1,000. A deductible, however, only applies to specific insurance coverage options. Namely, a deductible doesn’t apply to your liability insurance. Web29 apr. 2024 · The highest deductible for car insurance is $2,500 with most insurance companies. A car insurance deductible is the amount that a policyholder has to pay out of pocket before their insurer will cover certain claims, so a $2,500 deductible would leave you responsible for paying $2,500. Choosing a high deductible usually means that you’ll pay … Web6 mei 2024 · If you set your deductible for $1,000, you need to make sure that you have this in the bank in case you need to make a claim, as the insurance company will only … lithonia lighting warranty claim