When applying, opt for a high deductible because it gets you cheap Nevada homeowners’ insurance rates. If you’ve already bought a home insurance policy that gives you adequate coverage, increase your deductible.

Your deductible is the amount you will have to pay if you make a claim before your insurer would be under obligation to fulfill the terms of your home insurance policy.

You can enjoy a discount of about 25% in your home insurance rates if only you move from $500 to $1,000 in your deductible. Choosing a high deductible will lower your home insurance premiums — Everytime. However, do take care not to choose an amount that you will find hard to produce.

It makes sense to make it as high as possible as long as you can afford it conveniently.