| A deductible is the amount of money that you agree to pay before a certain auto insurance policy begins. Deductibles are designed to reduce insurance costs by eliminating small or frivolous claims. The higher the deductible you're willing to pay, the lower the premium you earn. Collision and comprehensive policies usually carry deductibles and at times PIP and medical payments policies do too. This information is meant for suggestive purposes only and is not meant to be taken as fact or law. |