Higher deductible, lower premium
Taking more of the first-dollar risk usually lowers the premium. The trade is that you need that amount available if you file a claim.
Home deductibles can be percentages
Many homeowners policies use a flat dollar deductible for most claims but a percentage of the dwelling limit for wind, hail or hurricane losses in exposed regions.
Separate deductibles per coverage
Auto policies often carry different deductibles for collision and comprehensive. Glass claims are sometimes handled with a lower or waived deductible.
Choosing a number
Pick a deductible you could pay tomorrow without borrowing, then compare quotes at that same level across providers.
General educational information, not insurance advice or a quote. Coverage terms, availability and pricing are determined by the insurer and vary by state.
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