No deductible car insurance reimburses you in full from the first dollar in the event of a claim. You can also adjust the deductible for each coverage. For example, choose a zero deductible car insurance for coverage of bodily injury to the driver, as well as a deductible of 150 dollars for glass breakage coverage and a deductible of 300 dollars for fire coverage.
What are the advantages of no deductible car insurance?
What are the main advantages of no deductible car insurance?
You don’t have to pay a penny in case of a claim. And if your insurance, as is often the case, has approved garages for repairs, you won’t have to advance any fees. Keep in mind, however, that natural disaster coverage has a legal deductible of almost $380, which cannot be waived, regardless of the level and amount of the policy.
What are the limitations of a car insurance policy with no deductible?
The main disadvantage of a no deductible car insurance policy is its price. The level of deductible is one of the factors that determine the price of car insurance. The lower the deductible, the higher the premium. For this reason, a deductible should be reserved for certain situations.
Which insurance without a deductible should I choose?
Before you purchase car insurance without a deductible, you should first determine your needs. One of the things you should consider is the likelihood of a claim:
- If you live in an urban area, it may be worthwhile to purchase free deductible car insurance for glass breakage and collision. This type of claim is common in large urban areas.
- If your car is parked on a public road or in an open parking lot, it may be worthwhile to take out a no deductible insurance policy against theft and vandalism.
- If you drive a lot, coverage for bodily injury and property damage to the driver with a zero deductible car insurance may be a good calculation. The more you drive, the more likely you are to have an accident.
- If your vehicle is your business tool, a zero deductible on all coverages may be essential to ensure that your business is not adversely affected.
Finally, if you own a very expensive or collectible vehicle, zero deductible car insurance is often the rule.
A driver who has suffered a claim or an accident: is it possible to buy car insurance with a zero deductible?
If you have had several claims, posted a malus, or been terminated by your previous insurer, car insurance with zero deductible will certainly not be available to you. Even if you put a price tag on it. Your insurer covers itself by offering you higher than average deductibles. Your insurer considers that your past driving is likely to cause more accidents and will, therefore, cost you more in claims.
How much does a no deductible car insurance policy cost?
In practice, few insurers offer car insurance without a deductible for a common vehicle. This provision is rather reserved for company fleets and luxury and collector cars. This type of coverage can easily cost more than $1,000, especially if the vehicle is otherwise expensive to insure, such as a sports car.
Can I be reimbursed for my deductible car insurance?
If no deductible car insurance is too expensive for you, there is always a solution: you can get reimbursed. This can only be done if the accident that caused the damage was entirely caused by a third party. Two other conditions must also be met:
The driver responsible for the damage must have been identified.
This driver must also be insured. His insurance will then reimburse the amount of the deductible.
As far as procedures are concerned, if you have legal protection, your insurer will take care of it. Otherwise, you will have to contact the insurer of the responsible driver by your means. If you have problems getting reimbursed, the mediator of your insurance company can also intervene.