Can I pay my car insurance deductible in installments?

Have you been involved in an accident, have auto insurance, but don't have enough money to pay the deductible right now? Follow this article and see if it is possible to pay your car insurance deductible in installments.

We have been experiencing a financial crisis in Brazil for a few years now and, even those who can afford car insurance, may find themselves in a more complicated budget situation.

The problem is that there are situations that don't wait for the best financial moment to happen. And a traffic accident is one of those situations.

The chances of a person being involved in an accident or suffering an accident and not having all the money to cover the deductible are enormous.

In these cases, people often wonder whether there is the possibility of paying the car insurance deductible in installments.

If you are going through this situation and also have this question, follow this article and find out the answer.

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Understand better what the car insurance deductible is

So that you don't have any doubts about this subject, it's worth quickly explaining what the car insurance deductible is.

It is nothing more than a payment that must be made by the insured whenever the insurance is called to carry out a repair.

Its value usually varies according to the model and year of the vehicle and what is covered in the insurance policy.

Furthermore, it is important to say that there are some situations in which the deductible is not charged, such as in the case of activating coverage for third parties, in cases of total loss and robbery or theft.

See how to activate insurance in the event of an accident

Obviously, each insurance company has a different procedure when activating insurance in a claim.

However, in general, you need to have a contact number, which could be for the insurance company or your insurance broker, and your policy number on hand to make this request.

Therefore, it is important that you always carry this information with you, after all, you never know when an accident could happen.

Furthermore, it must be said that, if there is an accident with victims, that is, with injured people, even before activating the insurance, you must contact the local authorities and ask for medical help if necessary.

And don't forget to remove vehicles from the road, if it is possible to move them.

Keeping a vehicle obstructing traffic is a traffic violation and can result in a fine and loss of points on your driver's license.

With the insurer or broker's telephone number and your contract number in hand, simply make the first contact and follow the instructions that will follow.

Is it possible to pay the car insurance deductible in installments?

The answer to this question is yes, you can pay your car insurance deductible in installments.

Of course, the available payment methods and maximum number of installments vary according to each insurer.

However, there are some details on this subject that deserve to be commented on. Follow and understand better:

1. Installments directly at the workshop

Whenever the insurance is activated for a repair, the deductible must be paid at the workshop chosen to carry out the repair.

Which means that no amount reaches the insurance company. Therefore, all negotiations must be done in the workshop itself.

Most mechanical workshops work with the possibility of dividing the franchise into 3 installments, but, like all service provision, this can also be negotiated.

Proof of this is that some workshops accept payments in up to 6 installments.

2. Discounts at accredited workshops

When you choose a workshop accredited with the insurance company, in addition to paying in installments, you can also get a good discount on the insurance deductible.

It is worth mentioning that these discounts vary depending on the policy of each insurance company and the workshops.

Some insurance companies offer discounts of 20%, while others offer discounts of up to 40%.

For this reason, it is interesting that you talk to your broker and find out more about this subject.

3. Accredited workshops offer even more benefits

Some workshops even offer the possibility of choosing between a discount on the insurance excess or on the spare car.

If you miss the vehicle very much, you can choose to pay the deductible in full and receive a spare car for the period your car is repaired.

But, if it is possible to be without a car for a few days, then it is worth investing in the franchise discount.

4. Always count on an insurance broker

Just like many situations related to car insurance, the possibility of paying the car insurance deductible in installments can also raise questions.

For this and other reasons, it is best that you can always count on an experienced insurance broker.

This way, your doubts will be clarified more easily and you will feel much more confident when making decisions related to your car insurance.

Now that you know better what the car insurance deductible is, how to take the first steps in an accident and that it is possible to pay the car insurance deductible in installments, in addition to other benefits.

We hope there are no more doubts on the matter. However, if they still persist, look for a broker you trust and ask for more information.