"A home insurance premium is the amount you pay each month or year to maintain your insurance coverage. A home insurance deductible is the amount you pay out of pocket for a covered loss."
"If you have a higher deductible, you'll get a lower premium, and vice versa. The national average cost of home insurance, for $300,000 in dwelling coverage, is $2,230 per year for those who chose a $1,000 deductible."
"Choosing an insurance plan is complicated, and the right choice will depend on the location of your home and how much you have in your savings."
"For those in areas prone to natural disasters, a lower deductible is often a safer bet since homeowners may face high repair costs after a loss."
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