Maintaining an auto insurance policy is an important part of owning and driving a car, and your deductible is a key piece of that policy, one that becomes especially relevant during the claims process. Understanding what a deductible is, how it works, and how it affects your premium is worth taking the time to learn. If you have questions about your auto insurance deductible, the team at C & H Insurance Associates LLC, serving South Carolina, can provide answers. If you’re considering a change, we can help with that too. Here’s what you need to know.
What Is a Deductible?
Your deductible is the amount you’re responsible for paying when you file an auto insurance claim. Once that amount is paid, your policy covers the rest of the claim up to your coverage limit. Auto insurance deductibles typically range between $250 and $1,000.
How Does the Deductible Work When You File an Auto Insurance Claim?
When you file a claim, your insurance company first determines whether the situation is covered under your policy. If it is, you’ll be responsible for paying your deductible, and the insurer covers the remaining cost up to your policy’s limit.
How Does the Deductible Affect Your Premium?
Generally speaking, a lower deductible comes with a higher premium. If you’re looking to reduce your monthly premium, raising your deductible is one option worth exploring.
Need to Change Your Deductible? Contact Us
If you’re interested in adjusting your auto insurance deductible, your agent at C & H Insurance Associates LLC, serving South Carolina, can help. We can work with your insurance company to get a quote reflecting a different deductible, and if you decide to move forward, we’ll help you make the change.
