When it comes to the variables to consider when choosing California auto insurance it pays to do some groundwork before committing to a choice. One such variable is that of the deductible. What does “deductible” mean and why should you take into account before making your decision?
A deductible is an amount of money you will be required to pay toward the cost of repairs in the event of an accident. The amount you choose as your deductible will affect the premium you pay for your comprehensive or collision insurance. A higher deductible means your premiums should be lower. It is worth looking more closely into the implications of the deductible amount. You will need to base your decision not just on the cost savings on your premiums but on your circumstances.
You will need to ask yourself what is the most you will be able to afford to pay at any given point of time if you are involved in an accident. Living from week to week without savings may be a pointer to you opting for a lower deductible. Having a clean driving record may encourage you to choose a larger deductible as your history is on your side.
Either way, there could be savings to be made on your California auto insurance when choosing the option of having a higher deductible. Contact us if you’d like to obtain a new quote for your car insurance.
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