What is a deductible? A deductible refers to how much money you'll have to pay from your own pocket before your insurance kicks in. In most cases, a higher deductible will result in a lower premium. Related articles What is a premium? I am moving within state and would like to keep my current auto insurance policy. Are you able to help me update the address on my policy? Why should I purchase insurance through Updater? Why was I connected with this insurance agency? What type of insurance is federally required?