{"id":3203,"date":"2022-01-03T11:40:55","date_gmt":"2022-01-03T16:40:55","guid":{"rendered":"https:\/\/www.petruzelo.com\/blog\/?p=3203"},"modified":"2022-01-03T11:40:56","modified_gmt":"2022-01-03T16:40:56","slug":"3-things-you-should-know-about-car-insurance-deductibles","status":"publish","type":"post","link":"https:\/\/www.petruzelo.com\/blog\/3-things-you-should-know-about-car-insurance-deductibles\/","title":{"rendered":"3 Things You Should Know about Car Insurance Deductibles"},"content":{"rendered":"\n<p>When you shop for a <a href=\"https:\/\/www.petruzelo.com\/auto-insurance.php\">car insurance policy<\/a>,\nyou will have an opportunity to choose a deductible from a range of options.\nIt\u2019s important to understand how deductibles work and to consider your own\ncircumstances and risk so you can select the right deductible for you.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\nWhat Is a Car Insurance Deductible?<\/h2>\n\n\n\n<p>A deductible is an amount you will have to pay yourself before your insurance policy will cover the cost of a claim. Say, for example, you get in an accident and your car needs repairs that will cost $5,000. If your policy has a $1,000 deductible, you will need to pay that amount out of your own pocket, and your insurance carrier will cover the remaining $4,000 in repairs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\nHow Can You Choose a Deductible?<\/h2>\n\n\n\n<p>Insurance companies generally offer several deductible\namounts and set premiums based on the size of the deductible. If you choose a\npolicy with a lower deductible, you will pay less if you file a claim, but the\ntradeoff is that you will have to pay higher monthly premiums. If you select a\nhigher deductible, you will have a higher out-of-pocket expense if you need to\nfile a claim, but you will pay less in premiums each month. <\/p>\n\n\n\n<p>If you\u2019re a safe driver and you believe it\u2019s unlikely that\nyou will get into an accident, a high-deductible policy may make sense for you.\nJust be sure that you have enough money available in an emergency fund to cover\nthe cost of the deductible if you get into a crash and need to have your car\nrepaired as soon as possible.<\/p>\n\n\n\n<p>If you believe there is a good chance that you will have to\nfile a car insurance claim, or if you don\u2019t have enough money saved to cover a\nhigh deductible if you get into an accident, you may be better off choosing a\npolicy with a lower deductible. This option may also make more sense for you if\nyour car isn\u2019t worth much. If you\u2019re involved in a serious collision and the\ninsurance company declares your vehicle a total loss, it will pay you the\nvehicle\u2019s actual cash value. If that value is low, and you have a high\ndeductible, you won\u2019t receive much of a payout. You will get a larger amount\nfrom the insurance company if you have a lower deductible.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\nGet Help Choosing a Car Insurance Policy and\nDeductible<\/h2>\n\n\n\n<p>Deductible amounts and premiums vary from one insurance\ncarrier to another. Petruzelo Insurance can discuss your options, gather quotes\nfrom several leading insurers, and help you choose the right policy and\ndeductible for your needs and budget. <strong><em><a href=\"https:\/\/www.petruzelo.com\/contact-us.php\">Contact us<\/a><\/em><\/strong><strong><em>\ntoday to learn more.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When you shop for a car insurance policy, you will have an opportunity to choose a deductible from a range of options. It\u2019s important to understand how deductibles work and to consider your own circumstances and risk so you can select the right deductible for you. 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; What Is a Car Insurance Deductible? A deductible [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3204,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive"],"_links":{"self":[{"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/posts\/3203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/comments?post=3203"}],"version-history":[{"count":1,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/posts\/3203\/revisions"}],"predecessor-version":[{"id":3205,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/posts\/3203\/revisions\/3205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/media\/3204"}],"wp:attachment":[{"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/media?parent=3203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/categories?post=3203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/tags?post=3203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}