Although you can get low car insurance premiums by choosing a policy with a high deductible, you also need to think about how difficult it will be for you to afford to pay it if you need to have a repair made. Your deductible determines how much money you need to pay out before your coverage will pick up the remainder of your costs. For example, if your windshield gets damaged as a result of a rock being kicked up on the road by the car driving in front of you, you will need to pay for your own repairs if you have a high deductible auto insurance policy. The same goes for other types of repairs. In essence, it is more reasonable to buy an auto insurance policy that has a low deductible.

Depending on the types of benefits that you are after, you can get an auto insurance policy that has no deductible at all. Traditionally, auto insurance rates go down after you go several years without submitting an insurance claim. Your car insurance company will see that you are a low insurance risk, and then reward you by making your premiums lower.

Higher deductible car insurance policies are often purchased by consumers without a lot of expendable income. These may be motorists that have been involved in many accidents, or they might even be people that have gone without any type of coverage in the past. Drivers with DUI convictions, or who have had their licenses suspended usually aren’t able to afford low deductible car insurance coverage. You will need to consider your monthly expenses before deciding on purchasing a low deductible policy. If you believe that you will be able to pay your deductible if you ever get involved in an accident, it might be adventitious to select a high deductible.