What is an auto insurance deductible?

Answer An auto insurance deductible is the amount of money that you must pay when you file a claim with your insurance company. You insurance company will cover the cost of any damages beyond your deducti... Read More »

Top Q&A For: What is an auto insurance deductible

What does a $500 deductible mean on an auto insurance policy?

A $500 deductible in a car insurance policy means that you must pay $500 up front for any claims, before the insurance pays you for any costs above that amount. Typically, the higher your deductibl... Read More »

Is there a deductible on liability auto insurance?

Not with respect to personal auto insurance. However, when commercial auto insurance is involved, especially fleet coverage, there sometimes is. It is not called a deductible, but a "self-insured r... Read More »

What happens to an auto insurance premium when a deductible is lowered?

Answer Depending on your driving record, there may be little change in your rate, however when you do utilize your insurer for a claim, you'll pay less out-of-pocket.If that is the only thing chan... Read More »

Is bodily injury auto insurance tax deductible?

No, bodily injury insurance cannot be deducted from your federal income taxes. The Internal Revenue Service does not allow you to deduct any portion of your car insurance that goes toward paying co... Read More »