Auto insurance deductibles typically apply per claim. So, if you have another fender bender two months later, you’ll have to pay your deductible again. But, in most cases, $500 is a steal compared to what could potentially have to come out of your pocket!
On the other hand, if you have a $1,000 deductible and only need $750 worth of repairs, you’re responsible for the entire amount because the repair cost doesn’t exceed your deductible.
You will likely have two different deductibles under your auto insurance policy—one for collision and one for comprehensive coverage.
BTW, I have bought an insurance with comprehensive coverage for my
Honda Civic new.