The question about deductibles and what they are for and why do we have them and why do we need to pay them has been asked more times than most insurance agent probably care to count. Very simply put, a deductible is the amount of money that you, as the owner of the auto insurance policy, need to pay out of your own pocket before the insurance company will agree to pay for anything that is related to damages received in an accident/collision or any other type(s) of damages done by natural disasters or unpredictable events.

You may be asking if you are able to get any type of good auto insurance policy that does not have any type of deductible(s) involved. This question is one that only a qualified insurance agent can really answer as there are many different factors that come into play in determining whether or not you will be able to do this without ending up compromising yourself or putting yourself in a hole in the process. More often than not, when you have an auto insurance policy in which you are not paying any type of deductibles you normally wind up paying some much higher premiums than you would if you took a deductible.

The questions surrounding why we pay deductibles have also been around since the deductible first became part of most insurance policies. That deductible is basically that much less that the insurance company has to pay to the body shop, the other insurance provider and all others involved when you do damage to your vehicle and/or another vehicle (in cases of collisions). If you have a $500 or a $1,000 deductible, this means that you are responsible for paying everything up to that amount; after that, the insurance company will begin to pay the bills.