Relates to deductibles for physical damage insurance

This bill sets a standard $200 deductible for physical damage auto insurance (covering collision and comprehensive coverage) but requires insurers to offer lower deductibles starting at $50 for most policies. It allows insurers to provide reduced deductibles (including $0) or deductibles that decrease over time, with clear disclosure about how these options affect premiums, coverage, and potential changes. Insurers must explain all details - such as additional costs, reduction timelines, and circumstances for increases - before offering these options. The bill also prohibits insurers from raising both the premium and deductible after the same claim, though they may adjust either separately.