• 4913 South Loop 289
  • Lubbock, TX
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Insurance Deductibles

Your insurance deductible is the amount of money you pay out of pocket any time you make an insurance claim. It is the amount paid toward vehicle repairs before your insurance will cover the rest. The amount of your deductible is determined by you when you set up your initial policy with your insurance agent. It basically works similar to a medical / doctor co-pay.  In the case of an auto claim, your deductible is the co-pay. The deductible is collected by the auto body shop. The shop also submits the claim and billing information to the responsible insurance company.  

Many people are able to save money by increasing their insurance deductible. If you choose an insurance plan that requires you to pay a higher deductible, your premium may go down. Your premium is the amount you will pay every month regardless of whether or not you get in an accident or your car receives damage. Realistically, the majority of car owners save money monthly by choosing a higher deductible because they are more likely to pay a large sum once if they get into an accident rather than a lower sum for the accident but a higher amount every month on their premium.

Understanding how car insurance deductibles and premiums work is essential for car owners. By knowing how much you can realistically pay each month versus how much you will pay every month regardless of whether or not you get into an accident, you can save money each month by choosing the right plan. Your past driving record can also dictate premiums and deductibles. 

Don’t forget to ask your insurance agent about rental and uninsured motorist coverage. With accidents on the rise as well as unpredictable weather that often includes hail, adding these to very economical additions are beneficial to drivers.

Collision King Repair Center in Lubbock, Texas, offers quotes on auto damage as the preferred repair center for major insurance companies. Locally owned and locally operated, Collision King Repair Center has been voted “Best Body Repair Center in Lubbock” for the past 13 years. We are proud to serve our community. Come to Collision King Repair Center for all your auto repair needs!