Firstly, what does "disappearing deductible" mean in the context of car insurance? Are you driving safe? The disappearing deductible is an incentive offered by insurance companies to reduce your insurance deductible. Another question is, how can disappearing deductibles affect your auto insurance rates? And thus basic car insurance quotes from insurance companies near you? Comparing car insurance rates can be challenging. Many insurance companies reward drivers for having a 3 (5) year clean driving record.
How does "deductible program" work?
Your collision deductible or whole liability insurance can be reduced that way. Important: disappearing deductibles are an optional coverage feature. The deductible always resets after you make a collision or comprehensive claim! Always choose an insurance company with positive customer reviews, the best customer service and coverage. Some insurers claims, that several years of unblemished driving could lower your deductible all the way to zero!? Drivers who enroll in certain "deductible" program get a certain amount of money for each year without a ticket or traffic accident. It's understandable! Insurance company is saving money that way...
How About You? Is a Disappearing Deductible Worth the Cost?
- Al Redmer Jr., Commissioner
- (Chair, Northeast Zone)
- Maryland Insurance Administration
- 200 St. Paul Place, Suite 2700
- Baltimore, Maryland 21202
- Phone: 410.468.2090
- Fax: 410.468.2020