If I turn in 3grand in damages to my car insurance company how much will i have to pay in ?

Question

I think my Deductible is like 250 (the cheapest that you can carry)

Answer 1

All you pay is your deductible.

Answer 2

As long as the vehicle is repairable (not totaled), your insurance company will cut a check for the cost of the repair minus your deductible.

Example: 3000 in damages - 250 deductible = 2750

They would cut a check to the body shop for 2750.

Also, at most companies, 100 is the minumum deductible you can carry on collision (not 250) and you can choose to not even have a deductible on comprehensive (this is called "actual cash value"). So you might want to check with you agent if you're interested in a lower deductible.

Answer 3

$250

Answer 4

You don't have to 'pay' anything. Your $250.00 deductible is the amount that is 'deducted' from your settlement amount. If you repair the car you are expected to pay the $250.00 to the repairer as this is your portion of the expense.
PS - you are not required to repair your car by the insurance company though they ARE required to protect the lein holder if there is one. Therefore they may make the check payable to you and the leinholder. If you own it, the money is all yours. Insurer may drop coverage unless you do the repairs.

Answer 5

if you turn in damages of 3 grand,and your ded is 250 you would have to pay 250,and insurance would pay the other 2,750.Also with most insurance companies you can have all the way the down to a 0 ded on comp,and 250 on coll

Answer 6

If your deductible is $250, then that's what you'll pay.

Answer 7

Try this site
@www.monthly-car-insurance.net
where you can compare quotes from different companies