Can I choose my deductible amount for collision insurance?
Yes, you can usually choose your deductible amount when purchasing collision insurance. Your deductible is the amount you will have to pay out of pocket before your insurance kicks in to cover the rest of the costs if you are in an accident. Typically, the higher your deductible, the lower your monthly insurance premium will be. It’s important to choose a deductible that you can afford to pay if you need to make a claim, so consider your budget and driving habits when selecting an amount.
