What Is an Insurance Deductible? - Progressive There's a correlation between the deductible amount and your insurance rate If you have a higher deductible, your premiums will typically be lower Conversely, you can expect your premiums to be higher with a lower deductible Important note: When and how a deductible applies can vary based on the type of policy Learn more in the section
Is Homeowners Insurance Tax Deductible? - Progressive Homeowners insurance premiums are generally not deductible on your personal income tax return However, there may be cases where you can deduct homeowners insurance premiums as a business expense Consult a tax professional for more details about your specific situation *
Car Insurance Deductibles Explained - Progressive The most common deductible our drivers choose is $500 Here’s a simple way of understanding it: Higher deductible = Lower car insurance rate, higher out-of-pocket costs Lower deductible = Higher car insurance rate, lower out-of-pocket costs Let's compare a $500 deductible to a $1,000 deductible
Comprehensive Car Insurance Deductibles | Progressive Lower deductible A lower comprehensive deductible saves you money on out-of-pocket repair costs, but you'll usually have a higher insurance rate If you're OK with paying a bit more on your car insurance in exchange for lower repair costs, or anticipate needing to file a claim or two, then a lower comprehensive deductible may make sense for you
Deductible Savings Bank - Progressive * Deductible Savings Bank is available at an additional charge with comprehensive and collision coverage and a minimum deductible of $500 Six-month policies earn a $50 benefit and 12-month policies earn a $100 benefit that reduces the deductible for every policy period in which there are no applicable accidents or violations
What Is Comprehensive Insurance? | Progressive If your vehicle's cash value is relatively low and you have a higher deductible, for example, it may not be worthwhile to carry comprehensive coverage On the other hand, it may be worthwhile if your vehicle has a higher cash value, or you cannot afford the cost to repair or replace your vehicle out of pocket
Auto Collision Coverage - Progressive Collision coverage is optional, but many leasing companies and lenders require it as part of their loan lease agreement When you add collision coverage to your auto policy, you'll choose a deductible amount, which is the amount you'll pay out of pocket to repair or replace your car when you file a collision claim
Comprehensive Auto Coverage | Progressive You can change your deductible amount anytime online or by calling us at 1-855-347-3939 Learn more about comprehensive auto coverage and how it works What makes Progressive's comprehensive coverage different?
What Is a Car Insurance Premium? - Progressive Your coverage and deductible: The more coverages you carry, the higher your car insurance premium will be Likewise, the higher your coverage limits, the more you'll pay The deductible you choose also impacts your rate; a low deductible means a higher rate, while a high deductible means a lower rate
Does Car Insurance Cover Windshield Damage? | Progressive In general, it's worth filing a claim for glass or windshield damage if the repair cost is higher than your car insurance deductible For example, if your windshield replacement costs $400 and your deductible is $250, you'll only pay $250, and your insurer will pick up the remaining $150 Does filing a windshield claim affect my insurance premium?