Car insurance - what does this mean?

Emeline Albracht: Most auto insurance policies have a deductible. In the event the vehicle needs repair that the insurance policy will cover (from an accident) the deductible is the amount YOU have to pay. The insurance doesn't pay for everything 100%. You still have out of pocket expenses, the deductible is your out of pocket expense. That is all you're responsible to pay if you get in a banger and the car needs work done. The insurance covers all costs over that....Show more

Raul Lushbaugh: You insurance is divided by the coverage for (your) car which falls under collision and comprehensive. This coverage is (optional) if you don’t have a loan on the car and is paid off. Both of these coverages will have a deductible that you (choose) that the most common is $500.00.Collision pays at fault or (not) at fault in an accident and say for instance the cost to fix your car is $430 and you have a deductible of $500, then insurance pays nothing. But say the damages a! re $1,500, then insurance pays $1,000 and (you) pay $500 the balance to repair your car. Comprehensive is your car being stolen, vandalized, burned, hail or hit by an object or an animal, like a deer for instance. Comprehensive is considered (no fault) since under these situations, have no control of how/when the damages occurs. So, insurance just like collision, pays to repair/fix (minus) your deductible like in the example under collision. Now the next part is liability which is mandatory in all states. With liability it pays 100% with (NO) deductible, for the (other) persons vehicle or property damages that you are found liable for (fault). But pays (zero) for your vehicle damages....Show more

Tana Dumoulin: It means you have to pay part of the cost of repairing your car if you have an accident. Deductibles vary. It might be 250, 500, or 1000.

Lionel Tanen: The deductible is what you have to pay before your coverage kicks in. You chose your deductible! when you bought your policy. For example, if your car is dam! aged and needs $2000 worth of repairs and your deductible is $500, your insurance will cover $1500 of the $2000.

Keneth Mailhot: It means if you wish to file a claim you will have to pay your set deductible out of pocket before the insurer will repair the damages. You chose your deductible, Bobby, whatever it might be ($250, $500, $1000, etc.).