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What is a deductible?

Deductible defined

Craig Dye avatar
Written by Craig Dye
Updated over 10 months ago

In an auto insurance policy, the deductible is the amount paid out of pocket by the policy holder before an insurance provider will pay any costs associated with a claim for damages. A deductible is the first dollars owed in a claim.

Deductibles are typically limited to comprehensive and collision coverages.

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