Why is the deductible amount for the most comprehensive car insurance so high?

"My BMW suffered hail damage. When I went to get it repaired, the deductible was higher than I thought it would be."

“When you purchase comprehensive coverage for your vehicle, you can choose the deductible amount.
You might want to choose a higher deductible for your comprehensive coverage in order to keep your premium down. The higher your deductible is, the lower your premium will be.
Basically, this means that you’ll pay more each month, but when it comes time to use your insurance, you’ll owe less out of pocket.”
Emily Richey
Answered on Jul 23, 2021

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