Contact UsContact Us 888.337.9322
Navigation

 

HOMEOWNERS   AUTOMOBILE   COMMERCIAL   LIFE   HEALTH  



Are you newly insured and still don’t completely understand it? It’s easy to get confused by insurance jargon, but Darr-Schackow Insurance will make sure you don’t get lost in translation.


In this blog post, we’ll explain deductibles and how they affect you.


What is a deductible?

A deductible is the amount of money you are responsible to pay for services before your insurance coverage will pay. For car insurance, as an example, if you are at fault in an accident that costs $4,000, and you have a $500 deductible, you’ll need to pay $500 before your insurance will pay the remaining $3,500. Keep in mind that higher deductibles allow your insurance carrier to offer lower premiums, and vice versa.


How do premiums differ from deductibles?

Your auto insurance premium is the monthly cost for keeping your policy active. If you’re not particularly accident prone, it’s often more cost-efficient to lessen the cost of your policy or premium and decide how much you can afford to pay out-of pocket.


When to have higher deductibles.

While your Darr-Schackow insurance agent will help find the best coverage tailored for you, the following are a few reasons to get a higher deductible:

  • If you can afford to pay more money up-front in the event of a car accident, then you can afford to pay less each month.

  • You use your vehicle only a few times a year (recreational vehicles or boats), but want to keep insurance year-round.


Have more questions?

Give us a call at 888-337-9322 to have an agent answer any questions you may have!


Posted 3:49 PM  View Comments

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
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


View Mobile Version

Site Footer

 
Some of Our Carriers Our Company Services Contact Us More Help
AAA
Nationwide
ASI
Auto Owners
Safeco
Towerhill
Progressive
Home
Our History
Careers
Customer Service
Get A Quote
Insurance Types
Send A Message
Locations
Glossary
Frequently Asked Questions
GET SOCIAL WITH US Facebook Twitter LinkedIn Google+    YouTube Blog
Main Office: 5200-B W Newberry Rd, Gainesville, FL 32607  |  888.337.9322 Powered by Insurance Website Builder

Carriers Get A Certificate of Insurance Education Center Mortgage and Real Estate
Get Started