What is  car insurance Deductible?

   A car insurance deductible is the  amount of money you pay out of pocket   in the event of a claim before  your insurer will pay for the rest.  For example, if you file a claim for  $1,500 and you have a $500 deductible,   you’ll be responsible for the $500 while your  insurance company will cover the remaining $1,000.  There are a couple of other key things to  remember about car insurance deductibles, too.  First of all, car insurance deductibles can  range from as low as $100 to over $2,000.  Second, you choose your deductible amount  for each type of coverage, such as collision   insurance or comprehensive insurance. Higher  deductibles do result in cheaper premiums,   but be sure to choose deductibles that you can  actually afford in the event of an accident.  Third, some types of car insurance don’t use  deductibles, like liability insurance and MedPay. 

  When filing a claim with one of these  types of coverage, you won’t have to   worry about paying a deductible out of pocket. Lastly, if you’re at fault in an accident,   there is no way to get out of paying a deductible  if you file the claim with your own insurance.  Now that you have an idea of what  deductibles are and how they work,   you’re ready to start shopping for a policy. To check out WalletHub’s picks for the best car  insurance companies, just click the button here. 

 Temporary car insurance. 

 The most important thing for you to know is that  temporary car insurance isn’t really a thing.   Reputable insurers only sell policies in 6 or  12 month increments, and those that advertise   temporary or single-day insurance should  probably not be trusted. There are still   some ways to get short-term coverage,  though, and we’ll go through those.  First, if you own the car you plan to drive,  you’ll need a standard insurance policy. 

  Although most insurers sell policies  in 6 or 12 month increments,   you can always cancel your coverage  mid-plan if you don’t need it for that long.   And by paying monthly, you won’t have to worry  about paying for a longer policy up front.  Second, consider non-owner insurance. If  you plan to drive a rented or borrowed car,   you don’t own a car yourself, and you  don’t live with someone who owns a car,   a non-owner insurance policy is perfect and  often costs less than normal insurance plans.  Third, look into pay-per-mile insurance. Some  insurance companies offer pay-per-mile insurance,   where you pay a low base rate for coverage  and then a small fee for every mile driven.   

It’s great for people who work from home,  students, and retirees who don’t drive often.  Fourth, if you don’t have  a standard insurance policy   and plan to use a rental car temporarily,  consider getting rental car insurance   instead. Although you can usually buy it  directly through the rental car companies,   there are third-party insurance companies that  offer it, so be sure to look into them, too.  Fifth, take advantage of permissive use and use  your friends' cars when you can. Most insurance   policies allow the insured car to be driven  occasionally by someone not named on the policy.   If you’re only briefly using a friend's car,  temporary insurance isn’t even necessary.