What is a deductible, and what one should I carry?

In the event of an insurance claim, the deductible is the amount that a policyholder must pay before the insurance company begins to pay. We typically recommend that our clients carry a $1,000 deductible on their insurance, depending on their current situation and ability to pay that amount in an at-fault accident. Avoiding claims protects your driving record, so you really only want to file a claim when there is significant damage.  A higher deductible will lower annual premiums, saving you money in the long run. As always, it is best to check with your agent to see what the right policy is for your particular situation.