And you can reduce your rates even
more by raising your deductible — it's not unusual to reduce premiums by 25 % or more by raising the deductible to $ 5,000 from $ 500.
You may decide to self - insure
more by raising your deductibles.
Not exact matches
By raising the policy
deductible from $ 1,000 to $ 2,000 or
more, the house owner will be able to save on homeowner's insurance premium.
SAN FRANCISCO — May 28, 2015 —
Raising a homeowner's insurance
deductible from $ 500 to $ 2,000 lowers the average annual premium
by 16 % nationally and much
more in some states, according to a new insuranceQuotes.com report.
By raising your auto
deductible from, say, $ 250 to $ 1,000, you can lower your monthly rates because you assume
more risk.
This second illustration gives you
more of an idea how much you can lower your rates simply
by raising your
deductible.
According to the Insurance Information Institute,
raising a
deductible from $ 200 to $ 1,000 can cut the cost of comprehensive / collision coverage
by more than 40 percent.
SAN FRANCISCO — May 28, 2015 —
Raising a homeowner's insurance
deductible from $ 500 to $ 2,000 lowers the average annual premium
by 16 % nationally and much
more in some states, according to a new insuranceQuotes.com report.
You can get your rates down potentially even lower
by raising your
deductible, installing smoke alarms and a security system, and paying off
more of your mortgage.
If you
raise your
deductible on your homeowners» insurance
by $ 1,000, you only need to save about $ 120 a year in your premiums in order to create a net savings on average — and, likely, you'll save a lot
more than that.
Remember, you can usually get
more coverage for less simply
by raising your
deductible.