Your deductible is the portion of a covered loss that you are responsible for paying before the insurance company becomes responsible for payment under the policy. For example, if the covered claim is $2,500 and your deductible applicable to that coverage is $500, you will pay the $500 and the responsible insurance company will pay the $2000. In most cases, you will pay the amount of your deductible directly to the repair center you have chosen upon completion of repairs to your vehicle.