Kasey and Green Light Auto Credit did a fantastic job in helping us a great car!
Before you shop for your next car online, or apply for your auto loan, you’ll want to understand your car insurance deductible. Most states require auto insurance, and everyone should have it. If you’ve never purchased auto insurance before, then you might not be familiar with all of the vocabulary that the industry uses. We’re here to help you understand what a deductible is.
An insurance deductible is one of the most important components of any car insurance plan. The lower the deductible the better. Your deductible is the amount that you will pay any time you make a claim on the insurance company. Generally, you’ll be able to pick a plan with a certain deductible, and the lower the deductible, the higher the premium, or amount you’ll pay for insurance. Likewise, the lower the premium the higher the deductible.
In other words, a deductible will work like this:
You can see why a lower deductible would be better! In this situation, if you only had a $100 deductible, you would have received $400 back!
We can help you take the guess work out of one aspect of purchasing your next car – Green Light Auto Credit makes auto loans simple, easy, and stress free. We can help you find a low-interest auto loan to fit your needs!
If you’re in the market for your next car, you can contact Green Light Auto Credit online now or call our team of finance experts at (800) 200-5551 with any questions about your car insurance deductible. We’re happy to help you secure the auto loan that you need to drive home in your next car today.