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What does the deductible mean on my TD Insurance auto policy mean?

A deductible is the amount of money you agree to pay out-of-pocket when making a claim under your policy. We will pay the remainder of the claim up to any applicable limits as outlined in your policy. 

How it works

Typically, your insurance company will deduct the deductible amount from any settlement paid. For example, after the car repairs are complete, we will pay the repair shop directly minus your deductible. You are responsible for paying the deductible amount directly to the repair shop

You can check on the status of and make changes to your deductible(s) by logging in to TD MyInsurance. See below for further details.  

The TD Insurance Decreasing Deductible^TM

With the TD Insurance Decreasing Deductible^TM feature, you’ll see your deductible drop by 10% every year you are claim-free. Your deductible decrease continues to apply every year - all the way down to $0! All you need to do is keep driving safely.

• Applies to Collision or All Perils coverage with deductibles of $500 or lower.
• After you make a claim during a policy term, your deductible will return to its original amount at your next renewal. For the purpose of this feature, these events won’t be considered a claim: glass breakage of $200 or less, not at-fault collision, or hit and run.
• Even if you change vehicles, your lowered deductible will apply if replaced within 30 days.

Online and Mobile options with TD Insurance

Manage your insurance online with TD MyInsurance. With numerous self-serve features, you can view your home and auto policy details, download proof of car insurance (also known as your 'pink card'), manage your payment or contact information and much more. 

Get fast, easy and secure access today.

• Login to or register for TD MyInsurance.
• Download the TD Insurance mobile app
• Learn more about MyInsurance.

Looking to get a quote? Visit our quote page and get one in minutes.