Vanishing Deductible
A policy feature that reduces your deductible over time for maintaining a clean driving record
Detailed Explanation
This optional program rewards safe driving by gradually lowering your collision or comprehensive deductible, typically by $50-$100 for each year without an accident or traffic violation.
Practical Example
Maria started with a $500 deductible and earned a $100 reduction each year for four years of safe driving. When she had an accident in the fifth year, her deductible was only $100 instead of $500.
Frequently Asked Questions
Related Terms
Need Insurance Coverage?
Request quotes from top insurance providers and find the best coverage for your needs.
Get Free Quotes