Full Coverage Sample Quote: Rating Factors

Full Coverage Sample Quote: Insurance Rate Factors

Discounts Applied to this Liability Sample Quote:

Additional Notes: This person has a good driving record!

Disclaimer: The purpose of this page is to showcase an estimate of what insurance may cost an individual with these products and/or circumstances. This is based on a real full coverage sample quote.

What Is A Deductible?

A deductible is a specified amount of money that an individual or an insurer must pay before the insurance company starts paying for covered expenses. The deductible is typically set in advance by the insurer, and it is often based on the type of insurance policy, the coverage limits, and the premium paid by the policyholder.

What Should My Auto Insurance Deductible Be?

The ideal auto insurance deductible for you depends on several factors, including your budget, your driving habits, and your vehicle’s value. Here are some things to consider when choosing your deductible:

1. Budget: If you have a tight budget, you may want to choose a lower deductible that you can comfortably afford to pay out of pocket in the event of an accident. However, keep in mind that a lower deductible usually means a higher monthly premium.
2. Driving habits: If you’re a safe driver and have a low risk of getting into an accident, you may want to consider a higher deductible. This can lower your monthly premium and save you money in the long run. On the other hand, if you frequently get into accidents or have a high risk of getting into an accident, a lower deductible may be more appropriate.
3. Vehicle value: If you have a newer or more expensive vehicle, you may want to consider a lower deductible to ensure that you can afford repairs or replacement in the event of an accident. If your vehicle is older or less valuable, a higher deductible may make more sense.

Ultimately, the decision of what auto insurance deductible to choose is up to you. Consider your budget, driving habits, and vehicle value when making your decision, and talk to your insurance agent if you need help deciding.

In this Full Coverage Sample Quote, the insurer had a $250 deductible. Most people have $500 or $1,000.