Is there only one kind of deductible for car insurance?
Asked by: Prof. Kelton Walsh | Last update: December 10, 2025Score: 4.3/5 (57 votes)
How many kinds of deductibles are there for car insurance?
A car insurance deductible is how much money you'll pay out of pocket for damages to your vehicle before your insurance kicks in. You'll pick this deductible amount when buying your insurance. In general, car insurance policies offer a choice of deductibles, like $250, $500, $1,000, and $2,000.
Is it better to have a $500 deductible or $1000?
Generally speaking, yes, a higher deductible is the better choice long term. Especially if you have a good driving history.
What is the difference between comprehensive and collision deductible?
Deductibles. Typically, collision and comprehensive coverages have separate deductibles, and you can choose different amounts for each deductible. Comprehensive coverage deductibles are typically offered in lower amounts than for collision coverage. When it's claim time, you pay separate deductibles for each incident.
What happens if I lower my deductible?
If you choose a low deductible amount, then you'll likely be paying a higher insurance premium for the coverage. On the other hand, if you choose a high deductible amount, then you'll likely pay a lower insurance premium. You should compare and calculate how your deductible impacts your overall policy premium.
Car Insurance Deductible 500 or 1000
Can I change my deductible on my car insurance?
You can change your deductible at any time. Typically, changes to your car insurance policy will take effect the next policy period.
Is it better to have a higher or lower deductible for car insurance?
When you're choosing a deductible, keep in mind that you may be more or less comfortable with higher out-of-pocket costs vs monthly costs. A high deductible will lower your overall insurance rate, however it will increase your out-of-pocket costs if you file a claim.
What is a good amount for collision deductible?
Generally, drivers tend to have average deductibles of $500. Common deductible amounts also include $250, $1000, and $2000, according to WalletHub.
Is hitting a deer comprehensive or collision?
Comprehensive coverage on your car insurance policy typically covers deer accidents. Comprehensive coverage may help pay to repair or replace your vehicle if it's damaged when you hit a deer.
What does a $1000 deductible mean for comprehensive insurance?
Generally, a deductible is the amount you're responsible to pay when a covered loss occurs. For example, say you have a $1,000 deductible but have $2,000 in covered damages. You're responsible for the first $1,000 of damages and your insurance company is responsible for the other $1,000 of covered damages.
Is a credit score check required to get auto insurance?
Most insurers use credit checks to create a credit-based insurance score to help set your rate. Some insurers provide auto insurance with no credit check, which might seem appealing if you have a poor credit history.
Do I get my deductible back if I'm not at fault?
Yes, if you have to pay your deductible and you were not at fault, you may be able to get it back from the at-fault driver's insurance company. This is called subrogation. Your insurance company will pursue the at-fault driver's insurance company to recover the money paid for the damages, including your deductible.
What is a good amount for deductible?
Standard homeowners insurance deductibles often range from $500 to $2,000, although they can be higher or lower depending on your insurance carrier and budget. With a standard flat deductible, the amount you pay out of pocket typically won't change over time unless you modify your home insurance policy.
How to get car insurance deductible waived?
Fault determination: Most insurers require you to be not at fault for the accident. Some auto companies may require you to be 100 percent fault-free to have the deductible waived, while others may waive a percent of your deductible based on your percentage of fault.
Can the color of your car affect your insurance premium?
Does car color affect insurance rates? The color of your car doesn't affect your insurance rate. Instead, your insurance company uses other information, like your car's age, location, usage, and your driving record, to help determine insurance rates.
Which deductible should I choose?
Key takeaways. Low deductibles are best when an illness or injury requires extensive medical care. High-deductible plans offer more manageable premiums and access to HSAs. HSAs offer a trio of tax benefits and can be a source of retirement income.
Will my insurance rates go up if I hit a deer?
It depends on the state you live in and your insurer whether hitting a deer will affect your insurance premium. In some states, your rate won't increase if you hit a deer because you're typically not considered at fault when you hit a wild animal.
Is hitting a person collision or comprehensive?
It would be covered under collision coverage. Collision covers damages anytime the car collides with another object.
Do you need a police report for insurance if you hit a deer?
Call the police and EMT services (if needed).
Alert authorities if the deer is blocking traffic and creating a threat for other drivers. If the collision results in injury or property damage, you may need to fill out an official report. This report also can prove useful when filing your insurance claim.
Do I have to pay deductible if I was not at fault progressive?
If a driver hits you, your collision coverage will still cover the damage to your vehicle, but you won't have to pay your deductible. In some states, the driver must also be uninsured for a CDW to apply.
What's the difference between comprehensive and collision?
Comprehensive covers damage to your vehicle from unexpected non-collision incidents like theft, animal damage, falling trees, and weather damage. Collision covers damage to your vehicle that's the result of a collision with another vehicle or object.
What is a $750 deductible for collision?
For example, imagine you have a $750 deductible. If you are in an accident where your collision coverage would apply and the car you were driving suffered damage requiring $3,500 in repairs, you would be responsible for paying $750. Your insurance company would cover the remaining $2,750.
What should I set my car insurance deductible at?
You pay a deductible each time you file a claim with your auto insurance coverage. Most drivers choose a $500 auto insurance deductible, but policies with higher deductibles cost less. Choosing a plan with a higher deductible to get a lower insurance rate means higher out-of-pocket costs when filing a claim.
Is it better to have a $500 or $1000 deductible?
Since a lower deductible equates to more coverage, you'll have to pay more in your monthly premiums to balance out this increased coverage. A survey commissioned by InsuraQuotes found that an increase in deductible from $500 to $1,000 had an average of 8-10% reduction in premium costs.
Do you pay a deductible if you are at fault?
Liability insurance.
Liability coverage, which is required in California, doesn't involve deductibles but covers damages the policyholder causes to other vehicles, drivers, or property.