It’s best to have a $500 collision deductible unless you have a large amount of savings. Remember, this deductible amount has to be paid every time you make a collision claim. Aug 3, 2021
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- How does a $500 deductible work? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE How Do Deductibles Work? A car insurance deductible is what you have to pay out of pocket to cover damages from an accident before the insurance company covers anything. For example, if you have a $500 deductible, you’ll...
- Is a 500 dollar deductible good? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE Most often, a lower deductible means higher monthly payments. If you have a low deductible, you have more coverage from your insurance company and you have to pay less out of pocket in the case of a claim....
- What does a 500 dollar deductible mean for car insurance? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE After you pay the car deductible amount, your insurer will cover the remaining cost to repair or replace your vehicle. Example: You have a $500 deductible and $3,000 in damage from a covered accident. Your insurer will pay...
- Is a 500 or 1000 deductible better? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE If you have a $1,000 deductible your insurance pays for anything over that amount. That $500 difference in your deductible could make a big difference in your premiums. And the lower the deductible you want the higher your...
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- Is 500 a month too much for car insurance? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE According to The Zebra, a $500 deductible is the auto insurance industry standard. On average, drivers can expect to pay just over $900, or around $150 a month, for a six-month policy that includes a $500 deductible. Apr...
