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You choose a deductible—which is the amount of money you pay before insurance kicks in—for both your auto and your home policies. Your deductible can be as little as $0 and as high as $10,000 (with lots of options in between).
If you choose a lower deductible, you can generally expect to pay more in premium. Some people prefer to keep a high deductible and pay less in premium, while others prefer lower deductibles and higher premiums. It often comes down to your personal preferences and financial situation.
A better way to choose your deductible
Good news: you have an insurance agent who can help you select a deductible that best fits your needs. Here are a few tips to keep in mind when you talk with us about deductibles.
Make sure you have enough money to cover your deductible. Whether your deductible is $50 or several thousand dollars, it’s important to have enough cash on hand to cover it.… Read More
How Do I Know Which Deductible to Choose?
You choose a deductible—which is the amount of money you pay before insurance kicks in—for both your auto and your home policies. Your deductible can be as little as $0 and as high as $10,000 (with lots of options in between).
If you choose a lower deductible, you can generally expect to pay more in premium. Some people prefer to keep a high deductible and pay less in premium, while others prefer lower deductibles and higher premiums. It often comes down to your personal preferences and financial situation.
A better way to choose your deductible
Good news: you have an insurance agent who can help you select a deductible that best fits your needs. Here are a few tips to keep in mind when you talk with us about deductibles.
Make sure you have enough money to cover your deductible. Whether your deductible is $50 or several thousand dollars, it’s important to have enough cash on hand to cover it.… Read More