Avoid buying by deductible alone
A low deductible does not fix a low property limit, ACV valuation, restrictive sublimit, or excluded loss. Compare the whole policy.
Compare the extra annual premium
Calculate the additional premium for moving from a higher deductible to a lower one. Then compare that cost with the difference you would pay after a covered claim.
Why a lower deductible costs more
A lower deductible can reduce your share of a covered property claim, but the insurer may charge more premium for that tradeoff.
Related Reading
Reference Sources
Use public insurance resources and your policy documents to confirm definitions, consumer contacts, and coverage limits before buying or filing a claim.