Two new companies, ZeroedOut and Deductify, offer auto insurance deductible coverage, promising savings for consumers who switch to higher-deductible plans.
ZeroedOut, a financial technology company, launched nationwide on Oct. 14, aiming to combat record-high auto insurance costs.
“By empowering drivers to confidently raise their deductibles to as high as $2,000, members can unlock immediate, substantial savings,”
When a member has an accident, ZeroedOut pays the high deductible on their behalf, sending funds directly to the auto body shop.
Author's summary: Startups offer deductible coverage for auto insurance savings.