How to avoid paying your car insurance deductible
Your deductible is the amount you pay when you file a claim before your insurance coverage kicks in. Deductible amounts generally range from as low as $100 to as high as $2,000. When you select a disappearing deductible option, your insurer will typically reduce your deductible for each policy period that you don't file a claim. This decrease can either be a percentage or a set dollar amount. Every time you renew your policy without filing a claim, your deductible decreases until you get to $0.
How does Progressive's Deductible Savings Bank coverage work?
If you purchase our Deductible Savings Bank coverage, we'll subtract $50 from your policy's comprehensive or collision deductible for each six-month auto policy period that you go without an accident or violation.
If you insure your RV, boat, or motorcycle with us and buy Deductible Savings Bank coverage, we'll subtract $100 from your policy's comprehensive or collision deductible for each annual policy in which you're accident or violation-free.
If you file a claim, you pay the reduced deductible amount. If you choose to continue the coverage, your Deductible Savings Bank amount resets and you'll keep earning the $50 benefit for each policy period in which you have no accidents or violations.
How much is disappearing deductible coverage?
The cost for a disappearing deductible option is generally affordable but depends on your insurer.
Looking for additional ways to save on your auto policy? Check out our numerous driver and loyalty based discounts.