Locally Owned & Operated by
Brown's Insurance Agency, Inc.
9168 Prince William Street
Manassas, VA 20110
Tel. 703-368-0333

Think About Higher Deductibles (think saving 10%)

You can lower the cost of your insurance by raising the deductible(s). When you take out a policy with a deductible, you are telling the insurance company that you will be responsible for the first so-many dollars of any loss. This reduces the burden on the insurance company and shifts it to you, the policy holder. The insurance company will see fewer claims, since you won't even report those claims which fall below your deductible. And the insurance company will have to pay out less on the claims that you do report, since you will be responsible for the deductible amount. In days gone by, many policies were written with zero deductibles. Unfortunately, that is a thing of the past. Most insurance companies these days insist on a deductible. The minimum deductible varies by type of policy and which company it is placed through. A typical Homeowner's policy these days is written with a $500 deductible. A typical Automobile policy with full coverage is written with $100 deductible for comprehensive coverage and $500 deductible for collision coverage. These vary widely. A person with typical deductibles can reduce their insurance premiums by an average of 10% by raising their Homeowners deductible to $1000, and raising their Automobile deductibles to $500 for comprehensive and $1000 for collision. Some of our companies offer even higher deductibles, with higher savings. Since you are taking on the responsibility for the deductible amount, you have to determine what level of risk you are comfortable taking on.

Typical savings:

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