Deductibles for HO Insurance
My homeowners insurance will increase by 20% next month. I talked to my agent and was told that I could raise my deductible up to $5000 to keep my premium down.
Currently I have $1000 deductible. By raising it to $2500, I save $243 per year. With $5000 deductible, I save $412 per year.
How high should I go?