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There are generally no deductibles for the liability portion of a homeowners or auto insurance policy. Instead, the deductibles apply to property damage. So, on in an auto policy, there is a deductible for the optional comprehensive or collision coverage, but not for the liability portion.
You may want to consider not filing claims for smaller events to avoid premium increases. Finally, the cost of your insurance is directly linked to your policyâs deductible amount. The deductible is the amount of money that you agree to pay as part of a claim, before your insurer pays the remaining amount towards that claim. For example, if your vehicle incurred $1,000 of damage in an accident and your deductible was $250, you would pay the first $250 and your insurer would pay the remaining $750.