You could be overpaying for home insurance if your deductible is too low. But going too high can be just as risky. That's where the 1% deductible rule comes in.

For example, if your home is insured for $300,000 and you have a 1% deductible, your deductible would be $3,000. Application: In the event of a covered claim, you would be responsible for paying $3,000 …

Aug 29, 2025 · The deductible you choose can dramatically impact how much you pay for homeowners insurance, for better or for worse. A higher deductible will make your homeowners insurance more …

A home insurance deductible is the portion of costs you'll pay upfront for a covered claim. Learn how to choose a deductible that is right for you.

Sep 11, 2025 · What is a homeowners insurance deductible? Get tips from The Hartford on how it works and how it can help you calculate out-of-pocket costs before coverage applies.

Aug 12, 2024 · For that typical $400,000 home, a 1% deductible will cost $4,000 while the 2% deductible would require you to shell out $8,000.

What’s the average home insurance deductible? The minimum home insurance deductible offered by most insurers is $500 or $1,000, according to the Insurance Information Institute (III). Standard home …

For example, if a home is insured for $300,000, a 1% deductible would require the homeowner to pay $3,000 before insurance coverage kicks in.

Dec 1, 2025 · What is a home insurance deductible? A deductible is your out-of-pocket expense before your homeowners insurance covers the rest of the financial cost of your claim. For instance, if your …

Jun 19, 2025 · A home insurance deductible is the amount you pay out of pocket when you file a claim; it will be deducted from your settlement check. The deductible you choose affects the amount you pay …