What is a deductable and what happens to it when your insurance premium when it is lowered?

plz help, its for a school project thats due tommorow

Answers:

Driving License & Good Grades/?

The deductible is the amount you have agreed to pay out of pocket if you have a claim to pay. Your deductible is $500, the damage is $900, you pay $500 and insurance pays the remaining $400. The lower the amount you are willing to pay the higher your premium, and the reverse is also true.

What all do I need to have my license renewed in the state of Texas at the age of 17?

A deductible is the amount you must pay out of pocket in the event of an accident before the insurance company pays the rest. A higher deductible (the more you have to pay in the event of an accident) means a lower premium.

I mooned the drivers liscense camera and this is my picture, what do you think ?

The deductible is the amount you agree to pay before the insurance company starts paying. If your insurance premium is lowered, that's great, but has nothing to do with your deductible.
More Questions & Answers ...

  • I jsut turned 17 and got my license how long am i on probation for and what does the probation apply to?
  • Can you help me out, here?
  • My car was broken into arrrrrrrr..?
  • What will happen if a insurance company doesn't want to pay your total lost in your car?
  • What happens if you're in a car accident and your car is a total loss, but you're still paying it off?
  • If I have a comprehensive insurance can I drive another persons car?
  • Can you buy and register a vehicle with only a drivers permit?
  • If I got a DUI in CA can I get a licence in another state?
  • I am looking for the owner of a vehicle Citroen registration j230 hcd in January 2004?
  • How Can i reduce myself of getting shocked very time i am getting out of my Car.?
  • This article contents is post by this website user, CarQnA.com doesn't promise its accuracy.


    Copyright 2006-2009 CarQnA.com All Rights Reserved.