Last Updated on April 16, 2021
4. Pick the best deductible
The higher your deductible is, the lower your premiums will be. You can figure out which deductible is the best by analyzing the precious losses combined with insurance premium alternatives. If there are losses that you can predict, and you know you can afford to pay them, don’t insure them. Instead, try to look for a balance between your claim costs and premium savings. To make sure that you make the right calls, have a talk with your insurance broker for them to help you determine the optimal deductible levels, and get some tips on how you can lower your premium.
