What is deductible? Do I need to pay the deductible every time a claim is made?
Deductible is the amount you are responsible for before the insurance starts to pay any of the benefits covered under your plan. The deductible for most comprehensive plans is paid once, annually, or per policy period, while the deductible for limited or fixed plans is paid per sickness or injury.
Insurance rates are regulated by law. You can't find the same insurance plan for a lower price anywhere else