What Deductible Should I Select for My Home Insurance?

January 8, 2024

I just bought my first home, and I am worried about all the different types of insurance I will have to buy. What deductible should I choose for my home insurance?

Deductibles work as follows:

  • For instance, if you needed to pay $3,000 for a home repair and had a $1,000 deductible, you would pay the first $1,000, and your insurance would cover the remaining $2,000.

Homeowners’ insurance deductibles often range from $500 to $2,000, with $1,000 being the most popular. Among the things to consider when selecting your deductible are your budget and the coverage you need.


Oleksandr Rohovnin is a Content Marketer at Phonexa.com and an expert contributor to American REIA. His passion is digital marketing, innovative technologies, tech industries, and – above all – distilling vast amounts of complex information into engrossing narratives anyone can relate to. At American REIA, Oleksandr stokes passion for auto insurance and the automotive industry in general in every story he curates.

Learn more about insurance
American REIA