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Guest
I have always paid for my insurance but it has always been something my parents picked out, but recently I went out and purchased my own plan.
Im 25, and purchased Gieco insurance, its going to save me over 300 bucks a year but the main reason for the drop in price was that I do not have a deductible for my car. And from my understanding If i am at fault, whether I crash my car or get in an accident and i am at fault my insurance will not cover anything for my car, and that kind of scares me.
At the same time my car is not worth much and it does not make sense to to pay a deductible if I total my car, when I could just go out and buy a new one. But what if I run off the road and do a 1000 bucks of damage to my car but its not totaled?
On Kelly's Blue book my car is valued in at 1800-2200
Can you please describe the meaning of deductible?
Should I put a deductible on my insurance plan?
How much should my deductible be?
Im 25, and purchased Gieco insurance, its going to save me over 300 bucks a year but the main reason for the drop in price was that I do not have a deductible for my car. And from my understanding If i am at fault, whether I crash my car or get in an accident and i am at fault my insurance will not cover anything for my car, and that kind of scares me.
At the same time my car is not worth much and it does not make sense to to pay a deductible if I total my car, when I could just go out and buy a new one. But what if I run off the road and do a 1000 bucks of damage to my car but its not totaled?
On Kelly's Blue book my car is valued in at 1800-2200
Can you please describe the meaning of deductible?
Should I put a deductible on my insurance plan?
How much should my deductible be?