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what's the car insurance equivalent of a co-pay?
the portion of the damages you have to pay because the insurance company doesn't
3 Answers
- ?Lv 78 years agoFavorite Answer
It's called a deductible. Often you get to choose the deductible when you buy auto insurance - the lower the deductible the higher the premiums.
- Lone WoofLv 78 years ago
Yes, the deductible is agreed upon when you get the Insurance. A standard amount is $500. That amount must be met by you before the Insurance kicks in. However, the deductible can be anywhere from $100 to $1,000. The more obligation that you have (higher ded.) the less you pay in Insurance.
- Anonymous8 years ago
The deductible.
