In an car accident who pays the deductible? The person who is at fault for the accident is responsible for paying the deductible. If you are not at fault for the accident your insurance company should pay the deductible.
What is a deductible?
A deductible is the portion of an insurance claim that the insured is responsible for paying.
The insurer pays the remaining cost of the claim.
What is the purpose of a deductible?
The purpose of a deductible is to protect the insurance company from small claims and to encourage policyholders to be more careful with their vehicles.
When do you have to pay a deductible?
You have to pay a deductible when you make a claim on your insurance policy.
How much is a typical deductible?
The amount of a typical deductible can vary but is typically around $500.
Can you choose your own deductible amount?
In most cases yes.
You can typically choose an amount between $250 and $1000.
Do all insurance policies have deductibles?
No.
Some insurance policies such as liability-only policies do not have deductibles.
Do all insurance companies offer the same deductibles?
No.
Different insurance companies can offer different deductibles.
What factors can affect your deductible amount?
The type of insurance policy you have the coverages you have and the company you are with can all affect your deductible amount.
Can you increase your deductible to lower your premium?
Yes.
A higher deductible will usually result in a lower premium.
What happens if you can’t pay your deductible?
If you can’t pay your deductible the insurance company may not pay your claim.
What if the other driver is at fault?
If the other driver is at fault their insurance company should pay for your damages.
What if the other driver doesn’t have insurance?
If the other driver doesn’t have insurance you may have to pay for your own damages.
Can you sue the other driver if they don’t have insurance?
Yes but you may not be able to collect any damages if they don’t have the assets to pay for them.
What if the other driver is underinsured?
If the other driver is underinsured their insurance company will pay for your damages up to their policy limits.
Can you sue the other driver if they’re underinsured?
Yes but you may not be able to collect any damages if they don’t have the assets to pay for them.
