As you decrease your retention (i.e., deductible), your premium will go up. Likewise, as you increase your retention, your premium will go down. The deductible is the amount from a loss that is retained (hence the term "retention") aka the amount you pay before the Coalition insurance policy kicks in.
How does deductible (retention) affect premium?
The deductible or retention selected may affect the premium quoted

Written by Shawn
Updated over a week ago
Updated over a week ago