Car Insurance Deductible Definition

Car Insurance Deductible Definition. Types Of Insurance Coverages With Deductibles. If you're wondering what does deductible mean in car insurance, then.

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For many auto insurance policies, collision coverage and comprehensive coverage are the two most common items that include deductibles. Types Of Insurance Coverages With Deductibles. Deductible - as the name suggests is something that will be deducted from what the insurer pays against your insurance claim.

The definition of an auto insurance deductible is the money you pay for repairs before insurance kicks in.

A car insurance deductible is the amount a policyholder is responsible for paying when making a claim with their car insurer after a covered incident.

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A deductible is the amount of money that you are required to pay out of pocket before your expenses are paid on a claim. Your car insurance deductible affects the price you pay for car insurance, so it pays to understand the ins and outs and how much yours should be. Because there is some premium variance based on the deductible you choose, you should consider.