What Is a Deductible and How Does It Work in Auto Insurance?

When you apply for auto insurance, you’ll need to decide the amount of deductible you want to carry that works best for you. Florida insurance, like automobile insurance in most states, offers a variety of deductible amounts to suit your needs. If you have an auto accident or otherwise need to file a claim, be sure to have the right coverage and deductible for you.

What Is a Deductible and How Does It Work in Auto Insurance?

A deductible is the amount you have to pay out of pocket in the event you need to file an insurance claim. Most types of vehicle insurance require a deductible. Deductible amounts vary from low to high. Most often, automobile insurance carries a $500 to $1000 deductible, but there are plans with lower and higher deductible amounts.

Your deductible determines how much you pay for your vehicle insurance premiums. If you have a low deductible, meaning you do not pay as much out of pocket when you file a claim, your insurance premiums will be higher. If you have a high deductible and pay more out of pocket when you file, your insurance premiums will be lower.

Florida Insurance and Deductibles

Most deductibles in Florida range from $250-$1000. Any vehicle with at least four wheels and a Florida registration must carry personal injury protection insurance and property damage liability insurance at the time of registration. Work with an experienced insurance agent who is licensed in Florida to determine amount of deductible and insurance coverage that is best for you.

When you need automobile insurance in Florida, be sure to contact an agent who will do the right thing. Call our expert agents at DTRT Insurance Group today to let our modern, boutique agency work for you.