What is collision deductible and comprehensive deductible mean?
The deductible (Collison and comprehensive) is simply the amount of payment that you have to make in the event of an accident or loss. Typically, the higher you elect to pay, the lower the premiums. If for example, you are hit by another car, from behind and it is clearly the other driver’s fault, with zero deductible, the insurance company will give you the entire amount necessary to repair the car (in their estimation); in the same case, with $100 deductible, you would be responsible for the first $100 of the repair costs, and the same with other amounts. As a rule of thumb, the younger the driver, the higher deductible is desireable, since younger driver insurance is more costly than that of mature drivers (don’t get me started on THAT one!), and the premium is lower. Male young drivers pay the highest premiums, with female young drivers paying the second highest. I hope I’ve cleared up the problem. By the bye, GEICO, Allstate, State Farm and all of the major companies usually offer
