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Homeowners deductible calculator

How much deductible should you carry on your homeowners insurance?

The Farmers home owners deductible calculator can help you decide what is the right deductible for your situation. You answer a few questions on the amount of cash and credit you have, and the calculator can estimate the deductible that may be right for you.

Remember: The higher the deductible, the lower the premium -- but the more you'll pay out of pocket in case of a claim. The lower the deductible, the higher the premium --but the less you'll pay if you have an insured claim.

The calculator is only a starting point for evaluating the deductible you should consider caring on your homeowners insurance. Before you make a final decision, discuss it with your Farmers agent.

Amount of cash available through savings account
Amount of credit available
Amount of disposable income monthly (amount left over after bills have been paid)

Available cash: What is the average monthly balance in your savings account?
Available credit: What is the amount of credit available to you through your major credit cards, such as Visa, MasterCard, American Express, Discover? You can find the available credit listed on your monthly credit card statements.
Disposable income: After paying your bills each month, how much money is left from your paycheck?