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What is a deductible?

Deductible defined

Craig Dye avatar
Written by Craig Dye
Updated over 2 weeks 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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