Lower your collision deductible by $100 per year.
The Liberty Mutual Deductible Fund™ Helps You Pay Less Out-of-Pocket1
We understand that paying a car insurance deductible is the last thing on your mind following an accident. Thats why we offer the Liberty Mutual Deductible Fund, an optional policy feature that helps pay your collision deductible, reducing your out-of-pocket expense when there's a collision claim involving any vehicle on your policy.
You Could Lower Your Collision Deductible Every Year
When you add the Deductible Fund to your policy, Liberty Mutual will immediately deposit $100 into the fund to get it started. An additional $100 is added for every year you keep the Deductible Fund on your policy, reducing your collision deductible even further. Even if you are involved in an accident, you will never stop earning money for your Deductible Fund and you may eventually completely eliminate it altogether.3
- Potentially eliminating your collision deductible altogether.
- Decreasing the amount you will have to pay to cover your policy's collision deductible.
An auto insurance deductible is the initial amount you are responsible for paying when there is covered damage to your vehicle. For instance, if your deductible is $500 and the cost of damage is below this amount, you would be responsible for paying the total cost of the repairs. If the cost of damage is above $500, you would be responsible for paying the initial $500 and Liberty Mutual will cover the remaining amount. In the event of a total loss, you will receive the appraised value of your vehicle, minus the amount of your deductible.
2 For illustrative purposes only. Subject to the number of covered collision claims and terms and conditions of your policy. Deductible Fund value is non-transferable and terminates upon non-renewal or cancellation of the endorsement.
3 In NY, deductible amount will not reduce below $100.