Why does a high deductible cause my premium to go down?

Your insurance company charges according to how much risk it is insuring against, which means that the more risk you assume, the less is taken on by your insurance company. You must assume an initial dollar amount of a loss before the insurance company pays your claim—this amount is your deductible, and it usually ranges from $250 to $1,000.

Bruce Matthews

C. Bruce Matthews, CWM®, CTEP®
Founder Of Truoptions

With over 25 years of
experience in aiding North
Carolinians, Bruce Matthews
is the choice as a
knowledgeable partner
to help you understand
your insurance and
financial options.