What is the deductible amount for uninsured auto property damage claims?

The deductible amount for uninsured auto property damage claims is typically set at $300. This means that when a policyholder files a claim for damages to their vehicle caused by an uninsured driver, they will be responsible for the first $300 of the repair costs. This amount has been established as a standard to help manage the costs associated with claims while ensuring that policyholders are still protected against significant losses that could arise from accidents involving uninsured motorists.

Choosing a deductible amount like $300 strikes a balance between affordability for the policyholder and coverage for the insurer. Higher deductibles generally might reduce premiums but could also make it costlier for the consumer if they experience a loss. In the context of this scenario, the $300 deductible reflects common practice within the insurance industry for this specific type of coverage.