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

Question:
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.

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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.

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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.

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