A deductible is the amount of the loss which the insured is responsible to pay before benefits from the insurance company are payable. You may choose a higher deductible to lower your premium because it reduces the exposure to the insurance company. The insurance company pays the remainder of each covered loss up to the policy limits.

You can determine how deductibles affect your rates by getting a car insurance quote here. After you enter your zip code follow the pages and change the deductibles to see how it affects your rates.