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How Do Car Insurance Deductibles Work?

When shopping for affordable personal car insurance, you may have seen the term "deductible", but not understood what it meant. At Titan, we can help when it comes to understanding car insurance deductibles—from how they work to choosing the right one for your unique needs.

What is a deductible payment?

Deductible definition - it's the money you agree to pay out-of-pocket before the insurance company pays toward a claim resulting from a loss or damage. For example, if your deductible is $500, and repairs from an auto accident are $800, you’ll be responsible for paying the first $500. The car insurance company pays the remaining $300.

Choosing the right car insurance deductible

The deductible you choose will depend on several factors. Since a higher deductible can lower your monthly insurance premium, you may opt for a higher deductible to save money. Nevertheless, if you live in a congested area where fender-benders occur frequently, a lower deductible could be less expensive in the long run. While average car insurance deductibles may vary from state to state or even between insurance providers, typical deductibles range between $250 and $1,000 per accident.

Learn more

To find out which deductible is best for you, contact a Titan Insurance agent or call 1-800-TITAN-UP. We'll help you find a policy that provides the coverage you need and a deductible you can afford.

The provided information and safety suggestions were obtained from sources believed to be reliable and is intended for informational purposes only. Titan and its affiliates assume no liability in connection with providing it or your use of it. Your circumstances may not warrant or require some or all of the safety suggestions, and there may be additional available safety procedures that are not referenced on this webpage.

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Why choose Titan?

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Titan Insurance, design, superhero and Savings without the Sacrifice are service marks of THI Holdings (Delaware), Inc. Nationwide Insurance is a service mark of Nationwide Mutual Insurance Company. Price based on March 2010 analysis of available national data for liability-only policies. Subject to underwriting guidelines, review and approval.

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