The insurance deductible is purely a cost-saving measure for consumers. It’s all about home much you want to pay if there is a loss. And how much you want to pay for your premiums.

High-deductible insurance creates lower monthly payments but a higher cost for consumers if they need to make a claim. For example, let’s say you’re a very safe driver and feel like you won’t have an accident. You can raise your deductible to $1000 or more and you’re monthly (or semi-annually) payments will go down by a fair amount. But maybe you feel like $1000 is too much for you to handle if you do have an accident. Well, then you’ll want to pay a little bit more on your premium to avoid such a large payment if there is a loss.

It’s all up to you. That’s the great thing. And what’s better, you can discuss the options with your Provident Agent to determine the best possible payment/deductible combination.

To calculate your deductible/premium combination, contact your independent Provident Insurance agent. We serve Plainfield, Greenwood, Avon, Brownsburg, Indianapolis, Carmel, Zionsville and the entire central Indiana area. Stop in one of our convenient locations to discuss your insurance needs today.