Can you pay your deductible over time?

I have a $1,000 deductible. I hit a guardrail and had to submit a claim to my insurance. The repairs are going to cost $1,500. Am I able to pay my deductible over time so I can get my car fixed?

Answer
“When you submit a claim for damage, you are required to pay your deductible up front if the amount of damage is higher than the deductible itself.
In most cases, your car insurance company will work directly with the repair shop. Once the repairs are complete, you would pay your deductible to the repair shop.
Unless the repair shop offers some type of payment plan, you can’t pay your deductible over time. Insurance companies also don’t offer payment plans for deductibles. If you are having trouble paying your deductible, it’s worth lowering it.
Insurance companies offer a variety of deductible for collision insurance. You can check with your current company to see what deductible options are available and how they would impact your premium.
If lowering your deductible increases your premium greatly, you can also shop around. You may be able to find a better rate with another company using the Jerry app while still lowering your deductible.”
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Emily Maracle
Answered on Sep 09, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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