Auto Insurance Deductible 500 Or 1000. Namely, a deductible doesn’t apply to your liability insurance. However, deductible amounts can vary from $100 to $1,000 or higher, depending on your insurance company and where you live.
On the other hand, if your $10,000 car is totaled and you have a $500 deductible, you will get $9,500 from your insurance company after paying your deductible. A lower car insurance deductible means you’ll pay less out of pocket in the event of an accident but pay more upfront in premiums. Choose a deductible that makes sense based on the coverage and your financial situation.