• Home
  • Get A Quote
  • Customer Service
  • Refer a Friend
  • About Us
  • Location Map
  • Employee Directory
  • Privacy Policy
  • Contact Us
CALL US TODAY
(916) 488-4426
Home

  • Home
  • Get a Quote
    • Quote Forms
    • Auto Insurance
    • Boat Insurance
    • Business & Commercial Insurance
    • Cyber Liability Insurance
    • Earthquake Insurance
    • Flood Insurance
    • Home Insurance
    • Motorcycle Insurance
    • Pet Insurance
    • Renter's Insurance
  • Customer Service
    • Add Driver to Existing Auto Policy
    • Add Vehicle to Existing Auto Policy
    • Remove Driver from Existing Auto Policy
    • Remove Vehicle from Existing Auto Policy
    • Request General Liability Certificate of Insurance
    • Add Motorcycle to Existing Policy
    • Remove Motorcycle from Existing Policy
    • Policy Review Request
    • Add Watercraft to Existing Policy
    • Remove Watercraft from Existing Policy
  • File A Claim
  • Blog
  • Make A Payment
  • Resources
    • Calculators: Auto, Home, Budget
    • Free Reports
    • Frequently Asked Questions
    • Important Links
    • Insurance Glossary
    • Refer a Friend
  • Our Company
    • About Us
    • Who We Represent
    • Why Choose Us
    • ABC10 Insurance Coach
    • Partners Page
    • Privacy Policy
    • Testimonials
  • Contact
    • Contact Us
    • Employee Directory
    • Location Map & Directions
Auto Insurance AUTO

Auto insurance protects you against financial loss if you have an accident.

Read More
Homeowners Insurance HOMEOWNERS

A standard policy insures the home itself and the things you keep in it.

Read More
Flood Insurance FLOOD

Typical homeowners policies exclude flood damage. Get coverage now.

Read More
Earthquake Insurance EARTHQUAKE

Earthquake claims are best covered with a standalone policy.

Read More
Business Insurance BUSINESS

Discover the perfect insurance options to meet your specific and unique needs.

Read More
Life & Health Insurance LIFE & HEALTH

Learn about different health coverage options that fit your needs.

Read More

Home > Blog > Understanding Auto Insurance Deductibles
SUNDAY, FEBRUARY 12, 2012

Understanding Auto Insurance Deductibles



Insurance is all about risk. Insurance companies can tell, by analyzing individual policyholder’s driving history and actuarial data, about how many policyholders are actually going to have claims and how many aren’t and they know that by spreading premiums out among those who will have claims and those who won’t, they can reduce costs for everyone.

In addition to the risk you present as a driver, your individual policy presents a certain amount of risk to an insurer. With limits, coverages and deductibles you decide exactly how much financial risk your insurer is taking on. One of the quickest ways to decrease your auto insurance premiums is to set a higher deductible for those non-liability coverages that allow it. The deductible is the amount of money that you must pay out of your own pocket when you have an accident. Basically, it is the portion of financial risk that you retain because with it, you tell the insurer that they do not need to pay at least this amount when you have a claim.

But deductibles represent a large financial responsibility for you, the insured, because you need to actually have the money to pay the deductible, or whatever portion of the deductible your next insurable incident costs. And if you don’t have the funds available, you could be unable to get your car fixed and running again which can impact your life in a very negative way.

Auto insurance deductibles are applied to every accident, so each accident in which you pay out-of-pocket to get your car fixed doesn’t chip away at an annual deductible. This can add up and have an adverse affect on your budget and savings if you have too many accidents in one year.

Don’t be distracted by the low premiums that come with high deductibles. Make sure you balance out the desire for a low premium with a deductible that you can afford to pay in the event of an accident.

Cliff Cottam Insurance Services is here to help you to decide what is right for your personal situation. Don't hesitate to give us a call at (800) 807-6871 or simply complete our Contact Us online form.
Posted 6:06 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2024
  • 2023
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2013
  • 2012
  • 2011
  • 2010

  • auto(25)
  • home(22)
  • family(8)
  • auto insurance(6)
  • holiday(5)
  • life(4)
  • cliff cottam insurance services(4)
  • business(3)
  • christmas(3)
  • home insurance(3)
  • college(3)
  • flood(3)
  • rental(3)
  • spring(2)
  • umbrella insurance(2)
  • disability(2)
  • flood insurance(2)
  • rideshare(2)
  • summer(2)
  • boat insurance(2)
  • dui(1)
  • credit(1)
  • emergency preparedness(1)
  • cars(1)
  • valentines(1)
  • food trucks(1)
  • phone(1)
  • employee benefits assistance(1)
  • cat insurance(1)
  • sacramento ballet(1)
  • emergency communications(1)
  • toys for tots(1)
  • cleaning(1)
  • retirement(1)
  • wedding(1)
  • jewelry(1)
  • discounts(1)
  • general liability insurance(1)
  • insurance gaps(1)
  • gifting coupons(1)
  • cyber liability insurance(1)
  • car insurance(1)
  • nutcracker(1)
  • shopping(1)
  • collision coverage(1)
  • pool(1)
  • dog insurance(1)
  • lightning(1)
  • event planning(1)
  • holidays(1)

View Mobile Version
Facebook
Twitter
RSS
Pinterest
Google+
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Cliff Cottam Insurance Services (CCIS)

Resources

Home About Us Get a Quote Make A Payment Newsletter Contact Us

Contact Us

  • Mailing Address
  • 3013 Douglas Blvd. Suite 100
  • Roseville, CA 95661
  • 916-488-4426
  • Email us
  • California License #0N07168
© Copyright. All rights reserved.
Powered by Insurance Website Builder