Most insurance professionals recommend choosing a deductible you can comfortably afford to pay. If you want a lower premium, you could consider a higher deductible if you can afford it. However, if a $1,000 deductible is not feasible, it may make sense to take the lower deductible and pay a higher premium. When choosing a deductible, you might also consider the value of your car. For example, if your car is only worth $1,500, setting a $1,000 deductible means your insurance company may only be responsible for up to $500 in damages to the vehicle.