Liability laws differ in each state. Then, discuss the specific amount of liability insurance needed with your insurance agent or broker. The dollar amount you have to pay, out of your own pocket, when you file an insurance claim. A higher deductible can be used to lower the comprehensive and collision portion of your insurance bill. The higher the deductible, the lower your premium.
Deductibles are normally on a per-occurrence basis.
This means three accidents will create three deductibles. The savings from higher deductibles must be weighed against your ability to pay that particular deductible amount yourself should a loss occur. Once you have determined the vehicle or vehicles you are interested in, ask your insurance representative to advise you as to what impact that vehicle will have on your total premium. Review the claim handling procedures of the company you're with, and what you might expect should a loss occur. A particular insurance company may have low rates, but a confusing and difficult claim procedure.