How do I know what deductibles are best for me?

How do I know if I am getting the right deductibles for my insurance policy? I just bought a 2014 Toyota and paid cash for it. It's not a new car, but I still want to have it fully covered just in case of an accident.

Answer
“It is understandable that you want to protect your new to you car and the good news is that since it is a bit older, full coverage will be cheaper!
Since you want physical damage coverage, you must add comprehensive and collision coverage to your policy.
Usually, the advice for selecting a deductible is to choose the highest limit you can comfortably afford to keep the cost low.
I suggest getting quotes for both $500 and $1000 deductibles to see what works best for your budget.
Keep in mind your deductibles can be different. For example, you can have a comprehensive deductible at $100 and a collision deductible at $500.
There is a strong chance you could have a very low deductible at a reasonable price.
One of the easiest ways to see all of your available options is to get quotes from multiple companies simultaneously.
Downloading the Jerry app can help! Jerry shops prices with over 50 different insurance companies and delivers the lowest rates straight to your phone in seconds. If you have any questions, you can text an agent, and they will text right back with assistance!”
Shannon Martin
Answered on Oct 14, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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