An insurance deductible is the out-of-pocket amount your insurance company requires you to pay when a covered incident occurs. Depending on the policy type — homeowners, renters, auto, or health — you may have to pay more than one deductible. You typically get to choose your deductible amount when you purchase the policy. Selecting a higher deductible can reduce your rate, and selecting a ...
Learn how a comprehensive deductible works with your car insurance policy and find out how to choose the right deductible amount for your needs.
Find out how car insurance deductibles work and learn more about high and low deductible options for your policy.
You'll choose a comprehensive car insurance deductible amount when you add the coverage to your Progressive auto policy, which is the amount you'll pay out of pocket to repair or replace your vehicle while we cover the rest, up to your vehicle's actual cash value. You can change your deductible amount anytime online or by calling us at 1-855-347-3939. Learn more about comprehensive auto ...
A deductible typically won’t apply to your policy’s liability coverage, medical payments coverage, and loss of use coverage. What are the most common renters insurance deductible options? When it comes to renters insurance deductibles, "the most common deductible is $500," according to SafeHome.org.
Your homeowners deductible is what you pay "out of pocket" for a loss or repair that's covered by your policy. If you have an approved claim, your homeowners insurance company subtracts your policy's deductible from the total amount of your claim payout. The amount of a homeowners insurance deductible varies depending on your policy and generally ranges between $500 and $5,000 or more.