What is a car insurance deductible and how does it work?

A deductible is the amount of money you will have to pay towards a claim on your car insurance policy before your insurance company will start to pay anything towards the claim. 

 It’s typically a fixed dollar amount, but it can also be a percentage of the total cost of the claim. The more you pay upfront, the lower your monthly payments.

In other words, a deductible is the amount of money you will have to pay out of your pocket.

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