Choosing a deductible

The deductible is what you pay toward a collision or comprehensive claim before insurance pays the rest. A higher deductible usually lowers your premium, but only makes sense if you could pay it tomorrow without hardship.

A simple way to decide

1. Ask for quotes with a $500 and a $1,000 deductible.
2. Note the yearly difference in premium.
3. Divide the extra deductible ($500) by the yearly savings. That's roughly how many claim-free years it takes to come out ahead.
4. Make sure you have the higher deductible set aside in savings.

Also consider

• Comprehensive and collision can have different deductibles
• Some states and insurers offer zero-deductible glass coverage
• For an older car worth little, dropping collision may be worth discussing

Educational information, not insurance advice. Coverage and rules vary by state and insurer; your policy documents control. Trusted Auto Insurers is not an insurer, agent or broker and takes no commissions.