It’s always difficult to figure out what you want your premium to be verse what you want your deductible to be. Some people prefer a lower deductible even though they will have higher premiums. If they suffer a loss, their low deductible will keep them from experiencing an unexpected cost. Others are willing to sacrifice a higher deductible for lower payments each month.
In addition to the money question, you also have to recognize that coverage options can change along with your deductible. Certainly you shouldn’t pay for something you don’t need, but if your sole focus is premium vs. deductible, you could end up overlooking crucial coverage and get burned on a loss. We don’t want that to happen to you.
Deductibles are always a judgment call, but we can help you make the best judgment for your situation. Give us a call if you need help.