What is the deductible for full coverage insurance?

The deductible is the amount of money you have to pay out of your own pocket before your insurance kicks in to cover the rest of the cost of a claim. It is like a down payment before the insurance company helps pay for damages or repairs. Deductibles can vary depending on the policy and how much you want to pay upfront, most commonly $500 – $1,000. Usually, the higher the deductible, the lower your premium will be, but make sure you choose a deductible you can afford in case of an accident.

Posted by Alyssa DiCrasto

Alyssa uses her many years of experience writing about complex industries to research and create clear content that makes insurance easy to understand. She has been with Rate Retriever since its beginning, establishing our strict editorial policy and directing our comparison experience.

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