0
The insurance premium is the amount you pay the insurance company every month. The insurance deductible is the set amount which you pay out of pocket for repairs after you make a claim. For example... you may pay $100 to the insurance company every month for the insurance policy and have a $500 deductible. If you file a claim you are expected to pay for $500 of the repairs yourself, while the insurance policy covers anything above that amount up to your max limits.
Still curious? Ask our experts.
Chat with our AI personalities
RafaThere's no fun in playing it safe. Why not try something a little unhinged?
Chat with Rafa
JudySimplicity is my specialty.
Chat with Judy
RossEvery question is just a happy little opportunity.
Chat with RossAdd your answer:
Earn +20 ptsQ: Is insurance premium part of deductible?
Write your answer...
Submit
Still have questions?
Trending Questions
What volume of transmission oil is in a Massey Ferguson 175 trqctor?
How do you remove a window handle on a 1979 GMC truck?
Can an investigator harrass you at your job when looking for a repossessed auto?
What is the purpose of spoilers on small hybrid cars?
What size socket for 1998 gmc k1500 front wheel bearing hub?
What does engine inoperable mean?
What gearbox oil does a Mitsubishi colt club cab 3000 V6 use?
How can you get auto insurance with an sr22 if you don't have a car to insure and you won't be driving?
How do you jump start a 2005 cls 500 battery?
What does the R after the Indy car drivers name in the lineup mean?
Who makes Kenmore central air conditioners?
Does insurance cover cost of windshield replacement?
How do you change gearbox oil on 2006 citroen dispatch?
Where do you put gearbox oil in Peugeot 306 2.0 hdi?
Can you claim on your insurance if a neighbors tree damages your house?
What brand of oil does the HHR 2007 use?
What are the advantages and disadvantages of Otto cycle?
What is the best company selling car insurance in South Australia?
Where can one purchase hands free car kits?
What are the examples of air transportation?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.