What Is A Homeowners Insurance Deductible? 
That is a great question ! In insurance , the deductible is the amount that you have to pay before the insurance company starts paying . Generally the higher the deductible -LRB- your responsibility -RRB- the lower the premium that you will have to pay . If you are a safe driver , and do not have much risk for an accident , then a high deductible might save you a ton of money over the life of your policy . If you have a high deductible on your health insurance , and have frequent health issues requiring doctors visits , a high deductible might be a more expensive way to go . The best thing to do is to balance out your risk tolerance and ability to come up with the deductible with the affordability to safely make your payments . Have your agent run a couple of examples for you with different deductibles so you can see the difference in the premiums . Thanks for asking ! 