What's A Deductible For Car Insurance? 
A deductible , regardless of the type of coverage you have , is the amount you pay in the event that you need to file a claim with your insurance company for a covered loss . A deductible choice has a direct effect on the price that you pay for the coverage in that the higher the deductible -LRB- meaning the amount of risk that you are willing to accept for yourself -RRB- the lower the premium you will be charged for the insurance coverage . 