A deductible is the amount you pay before insurance covers the rest of a covered claim. Choosing the right deductible balances your monthly premium against your out-of-pocket risk.
Higher deductible, lower premium
A higher deductible lowers your premium but increases your out-of-pocket cost in a claim. Choose an amount you could afford to pay unexpectedly without hardship. See coverage types for how deductibles attach to collision and comprehensive.
Collision vs. comprehensive deductibles
Collision and comprehensive each carry their own deductible. Comprehensive deductibles are often set lower than collision, since comprehensive claims (theft, weather) tend to be less predictable and outside your control.
