I am trying to get car insurance and was just asked what my deductible will be. What is a deductible?

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I want to find out if my truck is in my name. how can i do that on the web?

It's the part of the bill YOU have to pay out of your pocket if you have and accident. Lower deductibles mean higher premiums. In other words if you wreck your car and the repair bill is $1,000.00 and you have a $500.00 deductible you pay 500 and the insurance company pays the other 500.00

I got into an accident but it wasn't my fault and the other driver is lying what do i do?

It is the portion of the expense for repairs to your vehicle that you have to pay. Example: If you choose a $500.00 deductible on your collision coverage, crash into a brick wall and do $2000.00 worth of damage to the car then your insurer will pay $1,500.00 toward repairs and you will pay the other $500.00. That amount was 'deducted' from the final cost to repair. Typically, the higher the deductible is set the lower your rates are. Ask yourself if you are prepared to spend the first $1,000.00 towards repairs before you sign that dotted line, though. If you are a good driver and low risk it could save you big bucks as the years pile on, but if you have three fender benders in a year you better have some cash saved up to pay for them.

Would insuring two cars under one name be cheaper than insuring each car separately to 2 different people?

It's a dollar amout the insurance company won't pay. Good insurance has a $500 ded. not so good is $1000 ded. So if you got in an accident, that's what comes out of your pocket.

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A deductible is what you pay out of pocket on a claim.

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Say you have an accident and it does $3500 in damages. If you have a $500 deductible, the insurance company pays $3000 and you have to come up with the rest.

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The amount you have to pay in the case of an accident.

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It's the amount that the insurance company will deduct off of a claim before they pay you. In other words, if you have a crash and the repair is $4500.00, and if your deductible is $500 then the insurance company will "deduct" $500 from the amount you will be paid. As a result, you will get $4000. Now for the hard part: the lower this deductible amount, the more your insurance will cost. If you set your deductible at $250 you insurance will probably be $25 a month more than if you set it at $1000. Other things to consider, your driving habits, ability to pay the deducted amount out of your pocket for the repair, value of the car. If the car is only worth $1000 and you have a $1000 deductible, the insurance company won't pay you anything if you total the car.

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Essentially, it's what you yourself will have to pay. If you're in an accident or are involved in some situation that causes damage to your car, you will have to pay a certian amount, total, in the end.

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If all the damage to your car is, say, $1200, and your deductible is $500 dollars, the insurance company will pay for $700 dollars of it.

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The deductible is what you pay yourself.

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It's the amount you agree to pay BEFORE they will pay. Basically, you're "self insuring" your vehicle up to a specificed amount, anything over that amount the insurance will pay.

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Its an agreed amount that you will pay each time you make a claim. Usually, it's about $500. This stops people from claiming for every little stonechip in the paint - if a repair costs less that $500, you'll be paying for it anyway.

I had to register my truck as commerical. What does that mean besides higher insurance?

I am an insurance agent and many people ask me this question. It is the first time you are getting insurance and it is something that you don't fully understand. When they ask you a question like this, honestly tell them that you have no experience with auto insurance and ask them to explain it. They will be more than happy to explain it. You should also ask them to go over and explain the rest of the coverages on your policy. Don't sign an application without understanding what you are getting. If the agent is not willing or tries to go thru it to quickly for you, get another agent!

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Good luck

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I know that I didn't answer your exact question but many people already gave you the correct answer

Regards car insurance rip-off?

The amt you pay to an auto body shop before your insurance will pay out... Example if the damages to your veh are 1,500, and you have a 500 ded. You would have to pay the first 500 before they would pay the other 1,000.. Usally the higher ded u go the cheaper the insurance...A lot of people take a lower comprehensive ded because it is not that expensive, and then take a higher collision ded because that is the most expensive part of the insurance is collision coverage...
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