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The average car insurance deductible is $500. In general, the most common car insurance deductibles are $500 and $1,000, but drivers can usually choose any amount between $100 and $2,000 when they purchase their auto policy.
The deductible amount that you choose should be based on what you can afford to pay if your vehicle is unexpectedly damaged. Higher deductible policies tend to have lower premiums, but if you choose a deductible that you can’t afford, you risk being unable to actually use your insurance coverage when you need it.
To learn more, check out WalletHub’s guide to car insurance deductibles.
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