Insurance
What is an insurance deductible?
Quick Answer
A deductible is the amount you pay out of pocket on a covered claim before the insurer pays anything. Higher deductibles produce lower premiums - the insurer is taking on less risk on small claims.
Warren Team
Updated April 26, 2026
32
Warren Team
Updated April 26, 2026
32
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The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.
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