Join me @ IBOtoolbox for free.
Shelly Rogers
Member Since: 2/14/2014
performance / stats
Country: United States
Likes Received: 23
Featured Member: 0 times
Associates: 127
Wall Posts: 61
Comments Made: 1
Press Releases: 49
Videos: 5
Phone: 702-898-0554
profile visitor stats
TOTAL: 11296
are we ibo associates?
active associates
Whitney Jacqueline     
Last logged on: 7/18/2019

IBOtoolbox Admin     
Last logged on: 7/18/2019

Kris Karafotas     
Last logged on: 7/18/2019

Phil Schaefer    
Last logged on: 7/18/2019

Mark Turnbull    
Last logged on: 7/18/2019

Last logged on: 7/18/2019

Csaba Juhasz    
Last logged on: 7/18/2019

Bob & Shirley Rushing    
Last logged on: 7/18/2019

Bill Bateman     
Last logged on: 7/18/2019

Brian Stefan    
Last logged on: 7/18/2019

Vernon Wallis    
Last logged on: 7/18/2019

John Bisbal    
Last logged on: 7/18/2019

Ted Hunter    
Last logged on: 7/18/2019

Marlena Burton    
Last logged on: 7/18/2019

Neil Kinch    
Last logged on: 7/18/2019

other ibo platforms
Shelly Rogers   My Press Releases

Nevada Insurance Enrollment Explains Why A High Auto Insurance Deductible Does Not Guarantee Savings

Published on 3/26/2019
For additional information  Click Here

Auto Insurance deductibles, what are they and how do they work?

Post - Auto Insurance Deductibles. What Are They And How Do They Work?

Nevada drivers are always on the lookout for ways to trim down the cost of their auto insurance. To keep rates as low as possible, many drivers fall into the trap of focusing on their monthly premium at the expense of their coverage. However, when it's time to file a claim, many drivers discover that their insurance is insufficient or ill-suited for their needs and budget.

An auto insurance deductible is the amount that a driver pays out of pocket for damages sustained by their vehicle before their auto insurance company covers any accident-related expenses. Deductible amounts vary depending on the auto insurance company, which customers select when they're signing up for a policy. Depending on the insurer, deductibles may be as low as $0 or as high as $2,500 or more, with many drivers selecting a deductible around $500.

Unlike health insurance deductibles that are capped annually, auto insurance deductibles are charged on a per-claim basis. For example, if a vehicle is vandalized and then, on the way to the body shop, involved in a collision, two separate claims would be filed and would, therefore, have two separate deductibles.

When an insured driver files a claim for a covered incident, the auto insurance company works with the repair shop to determine what damage is related to the accident and what repairs are necessary to restore the vehicle to pre-loss condition. The insured pays their deductible, and the auto insurance company provides payment for the difference between the deductible and the cost of repair, either to the insured or to the shop providing the repairs.

As an example, if a policyholder has a $750 deductible and they are in a collision that results in $3,000 in damages, they pay their deductible and the policy covers the rest. In this scenario, the policyholder pays their $750 deductible, and the auto insurance company covers the remaining $2,250.

In most cases, deductibles are only applicable to collision and comprehensive coverage. Liability coverage, which pays for damages that the insured caused if they are found responsible for a collision, generally does not have a deductible.

Car accidents can happen in the blink of an eye, and whatever deductible a policyholder chooses, they should be able to pay out that amount at any given time. While a $2,500 deductible may result in a lower monthly payment, if the driver couldn't pay out that $2,500 for an unexpected repair, then their collision or comprehensive coverage may be virtually useless.

Some Nevada drivers choose high deductibles in exchange for a more affordable monthly premium, while other drivers prefer a lower deductible with a higher monthly premium. To keep their rate low, many drivers choose the highest deductible that they could comfortably afford.

Nevada Insurance Enrollment auto insurance agents specialize in helping local drivers review their insurance needs, claims history and budget. With this information, auto insurance agents can help drivers achieve the right balance between affordability and quality coverage.


Learn more:


About Nevada Insurance Enrollment:

Nevada Insurance Enrollment offers the best insurance plans at the lowest price possible.  They are a local Las Vegas, family owned insurance agency that works hard to fit you into the smartest, most affordable insurance that meets your needs.

They care about you, they work for you, they're experienced and they're local.  They are the insurance experts, let them guide you.  Talk with a friendly, knowledgeable, licensed insurance agent.  No agent fee and no charge for their service.  They don’t just sell insurance, they actually care.


Auto | Home | Health | Life | Medicare | Funeral/Cremation | Group Health | Short Term | Dental & Vision | Travel Insurance


Nevada Insurance Enrollment

4260 W. Craig Road suite #150-A

North Las Vegas, NV  89032

(702) 898-0554


Member Note: To comment on this PR, simply click reply on the owners main post below.
-  Copyright 2016 IBOsocial  -            Part of the IBOtoolbox family of sites.