What Car Insurance Deductible Amount Should I Choose? P.J. Miller Discusses with Insurify
P.J. Miller - Vice President
A car insurance deductible is what an insured pays out of pocket on a claim before the insurance company will cover the rest of the amount. Common deductible amounts are $500 and $1,000, but insurers will typically offer a range of options and you can select one that best fits your needs and budget. But how do you choose?
In an interview with Insurify, Vice President P.J. Miller said: “If you have a higher deductible, you’ll have a reduced monthly premium, so for some drivers, the benefit of paying less each month outweighs the risk of paying more in the instance of a claim.”
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