If you want to drive in Frisco, TX, you need to carry proof of financial responsibility in case you are involved in an accident. Even if the accident is not your fault, you may still be responsible for at least part of the damages. You must pay a deductible for collision, comprehensive, and uninsured/underinsured motorist claims. If you only have liability coverage, you may be completely responsible for any accident where you are at fault.
How Much Will You Actually Need to Pay?
When you purchase an auto insurance policy at Quote Savant, you can choose how much you want your deductible to be. Many people choose a higher deductible because the policy’s monthly cost will be less. However, when choosing a deductible, you need to consider how much you will be able to pay if there is an accident. If you cannot pay your deductible, you may not be able to pay your bills related to the accident. Talk with your agent about the differences in policies and the benefits of choosing a lower deductible.
How Does the Deductible Actually Work?
When you have a deductible, that amount will be deducted from the total amount of the claim before you get money from the claim. For instance, if the damages are $1,000 and your deductible is $500, you will only receive $500 on the claim. If your deductible is $1,000, you will receive nothing.
Reach Out To Us
If you drive in Frisco, TX, you want to be safe and protected. That means having an auto insurance policy that will protect you if there is an accident. If you have any questions or want to change your policy, please feel free to call Quote Savant today.