The deductible is the amount you cover yourself in a claim. Choosing it directly affects both your policy price and how much you receive in a settlement.
What a deductible is
The deductible is your share of the loss. For example, if the deductible is €150 and the repair costs €1000, the insurer covers €850 and you pay €150. The higher the deductible, the cheaper the policy – and vice versa.
How to choose the right amount
The key principle: the deductible should be an amount you can pay at any time without stress. There is no point choosing a very low deductible and overpaying for the policy if you would repair minor damage yourself anyway.
- Low deductible (€0–75): more expensive policy but a small share for you – suits new and expensive cars or less confident drivers.
- Medium deductible (€150–300): a well-balanced choice for most drivers.
- High deductible (€400+): cheaper policy – suits experienced drivers who cover minor damage themselves.
Tip: it is often worth choosing a higher deductible and setting the saved money aside for a rainy day. Statistically, most drivers file no KASKO claims during a year.
Watch out for different deductibles
Some policies have separate deductibles for different events – one for glass, another for theft, another for water damage. When comparing quotes, always look not only at the price but also at the deductible structure. This is exactly where a broker helps you spot the fine print.
Insurance broker, partner at SIA EURORISK. 18+ years in insurance. About me →
This article provides general information and is not individual insurance advice. The actual cover depends on the chosen insurer's wording and the special conditions of the policy.