Your car insurance deductible is the amount you’ll be responsible for paying toward the costs due to a covered loss before your insurance coverage pays. The lower the deductible, the less you’ll pay out of pocket if an incident occurs. For example, if you chose a $1,000 car insurance deductible and have a covered loss that causes $2,000 in damage to your car, you would be responsible to pay the first $1,000. Selecting a higher deductible may lower your car insurance premium. But it is important to choose a deductible you can afford in the event of a loss. Talk to your local independent agent or Travelers representative about the deductible options available to you.