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Kiplinger
Kiplinger
Business
Karon Warren

How Does a Car Insurance Deductible Work?

A mature couple discusses their situation in front of a broken down car on the road.

A car insurance deductible is one of the most important elements of your car insurance coverage. It's the amount of money you must pay out of pocket toward an insured loss before your insurer steps in.

But, you'll usually need to set about four different types of car insurance deductibles for a standard car insurance policy.

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