A deductible is the amount of money that you (the car owner) are willing to cover upfront in case you file a claim. The lower your deductible, the higher your premiums will be since it shows you choose to accept less risk for your policy.
To understand how this works, you need to know how car insurance works. Auto insurance is all about managing risk through your deductible in that if this is lower, your chances of filing a claim are higher, making your monthly premiums high. Therefore, it’s wise to raise your deductibles to get lower premiums.
At Affordable Insurance, you can get quality auto insurance with low premiums. Contact us today to get a quote.