Your deductible is your out-of-pocket expense for repairs to your vehicle if you have Comprehensive/Collision coverage. If your deductible is $1,000 and you have a claim that totals $3,000, you pay the $1,000 and the insurance company pays the remaining $2,000. Typically, the higher your deductible is, the lower your rate (or cost per month) will be.
October 19, 2022