A deductible is money you pay out of your own pocket before an insurance company covers the rest of a claim. How much you pay depends on the policy and the company. On average, car insurance deductibles are between $0 and $1,500. Keep in mind that deductibles and premiums are related. The higher the deductible, the lower the premium and vice versa. No matter what the deductible, you will pay more money for insurance if you have had a claim that is less than 5 years old.