The deductible is the amount of money you agree to cover in a claim settlement process. The insurance pays the rest of this. As a result, the two parties - the insurer and the insured share joint liability for claims. Regardless of your selection of deductible, you'll still have to pay for claims. Before filing a claim for small dents and scratches, it's important to keep deductible costs in mind. This will help you know how much you need to pay the insurer.