If you ever have an automobile accident, fire or theft then you may be responsible for paying your policy deductible amount.
These days a standard (common) deductible is $500.00. Deductibles range from $100.00-$1,000.00
If you are accident prone then you better stick with a lower deductible $100.00-$250.00
If you’re a good driver and want to save money on your insurance policy then a higher deductible may be right for you.
The higher your deductible is the lower your premium will be. Consider $750 or $1,000.00 for greater savings.