average homeowners insurance deductible
Due to the large number of home insurance claims filed each year in Texas, most Texas insurance policies have started offering deductibles as a percentage of the amount of coverage. I insured my first home for $125,000. The home had a 1% deductible, so the deductible amount was $125,000 x 1% = $1,250. You can imagine how high these deductibles might be if you had a $500,000 or greater home insurance policy! Because of the variability, it's hard to say what the actual average home insurance deductible nationwide is, but generally most people prefer a deductible between $500 and $1,000. Most states won't require you to have a 1% deductible, so a $500 or $1,000 deductible is reasonable.