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- What Is an Insurance Deductible? - Progressive
There's a correlation between the deductible amount and your insurance rate If you have a higher deductible, your premiums will typically be lower Conversely, you can expect your premiums to be higher with a lower deductible Important note: When and how a deductible applies can vary based on the type of policy Learn more in the section
- Car Insurance Deductibles Explained - Progressive
The most common deductible our drivers choose is $500 Here’s a simple way of understanding it: Higher deductible = Lower car insurance rate, higher out-of-pocket costs Lower deductible = Higher car insurance rate, lower out-of-pocket costs Let's compare a $500 deductible to a $1,000 deductible
- What is a Homeowners Insurance Deductible? - Progressive
A homeowners deductible is the amount you pay out of pocket for a covered loss Not all homeowners insurance coverages in your policy will have a deductible Your deductible amount correlates to your overall premium Generally, a higher deductible yields a lower long-term premium and vice-versa
- Comprehensive Auto Coverage | Progressive
You can change your deductible amount anytime online or by calling us at 1-855-347-3939 Learn more about comprehensive auto coverage and how it works What makes Progressive's comprehensive coverage different?
- Pet Insurance Deductibles Explained | Progressive
The lower your deductible, the less you'll have to pay out of pocket per claim, but you'll also pay a higher insurance premium Depending on your insurer, you may have either an annual deductible that you pay once a year or a per-incident deductible that you pay with each claim In either case, the deductible is usually applied after factoring
- What is a Renters Insurance Deductible? - Progressive
The right deductible amount is the one that best fits your budget If you're able to pay a higher monthly or annual premium, it may be worth it in order to have a lower deductible in the event of a claim But a one-time payment of a higher deductible can keep your monthly or annual premium lower to fit your overall monthly budget, if necessary
- Comprehensive Car Insurance Deductibles | Progressive
Lower deductible A lower comprehensive deductible saves you money on out-of-pocket repair costs, but you'll usually have a higher insurance rate If you're OK with paying a bit more on your car insurance in exchange for lower repair costs, or anticipate needing to file a claim or two, then a lower comprehensive deductible may make sense for you
- What Is Comprehensive Insurance? | Progressive
If your vehicle's cash value is relatively low and you have a higher deductible, for example, it may not be worthwhile to carry comprehensive coverage On the other hand, it may be worthwhile if your vehicle has a higher cash value, or you cannot afford the cost to repair or replace your vehicle out of pocket
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