The Department of Insurance has developed a list of frequently asked questions on topics related to auto and vehicle insurance. If you cause an accident but don't damage your car, you won't pay a deductible. In this case, your liability coverage would cover the other driver's injuries and property damage, which doesn't include a deductible. However, if your vehicle is damaged in the accident and you decide to file a collision claim, you must pay the collision deductible.
A low deductible means a higher insurance rate, while a high deductible means a lower insurance rate. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation or exclusion that is expressly stated in any insurance policy. No, liability insurance only pays for other people's injuries and property damage for which the insured driver is legally responsible. After you pay the amount of the car's deductible, your insurer will cover the remaining cost to repair or replace your vehicle.
The insurance company and the insured will pay the chosen appraiser and bear the costs of the appraisal and the arbitrator in equal parts. If you live in a state where cracked windshields are common, you might want to choose a low car insurance deductible to replace your windshield. When you have Nationwide as your insurance provider, you can combine your auto insurance policy with your home insurance policy, for renters, for boats and for multiple vehicles. It's common practice for insurance companies to allow you to rent a vehicle while yours is being repaired.
The terms, definitions and explanations of insurance are for informational purposes only and do not replace or modify in any way the definitions and information contained in the individual pages of contracts, policies or insurance statements, which are decisive. It protects you in the event of an accident in which the other party is at fault and has no insurance or whose insurance limits are not sufficient to reimburse you for the damage they have caused. An example of an acceptable document to submit to the DMV is an insurance policy from a licensed North Carolina insurer that shows the dates when the policy was issued and took effect. You can opt for a higher car insurance deductible because you're betting against having an accident, but if you've had accidents in the past and drive often on higher-traffic roads, you're more likely to file a claim and pay a deductible.
The insurance company and the insured will pay the chosen appraiser and bear the costs of the appraisal and the arbitrator. Collision protection, all-risk, coverage for uninsured and personal injury drivers typically have an auto insurance deductible. A car insurance deductible is what you pay “out of pocket” on a claim before your insurance covers the rest. If your car insurance deductible is greater than the cost of damage to your vehicle, you'll pay the full cost out of your pocket, since the insurer only covers damages that exceed the amount of the deductible.