A car insurance deductible represents the amount of money that you have to pay out of your own pocket whenever you make an insurance claim. They are usually a fixed amount, but in some cases, they ...

If you file a comprehensive or collision claim for damage to your car, your insurance company is going to deduct a certain amount from your claims check. That’s called the insurance deductible ...

A car insurance deductible is the amount you'll have to pay out-of-pocket before coverage kicks in. Choosing a high deductible will lower premiums, and a low deductible will raise your premiums.

Gap insurance covers the difference between what you owe on a car lease or loan and the amount paid out in a total loss settlement from an auto insurer, minus your deductible.

The best deductible amount for car insurance depends on your needs. Data from Liberty Mutual shows that $500 is the most common deductible, but you may prefer a higher one if you prioritize low ...

Are you paying too much for car insurance? Watch for these three red flags that could mean you have more coverage than you ...

However, if you owe $10,000 on your loan and your car is worth $5,000, gap insurance may be a worthwhile purchase to prevent your needing to find the extra $5,000 out of pocket to repay your car loan.

Once the amount you owe is less than what your car is worth, you can cancel it. Gap insurance generally costs between $50 and $250 per year to add to an insurance policy. What you'll pay depends on ...

Gap insurance is designed to cover the difference between your vehicle’s actual cash value (ACV), which your full auto policy will cover, and the amount you owe on your car loan or lease.

Gap insurance would cover the $3,000 difference between what you owe on your car and its current market value, after accounting for deductibles. Some policies also cover the deductible, but this ...