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1155 Kelly Johnson Blvd, Suite 440
Colorado Springs, CO 80920



Alliance Insurance of the Rockies is here to help you with all of your insurance needs. As an insurance broker in Colorado Springs, we’re able to help you find the best auto insurance, home insurance, condo insurance, and renter’s insurance policies. Our team of professionals is also passionate about educating our customers so they can make informed decisions. One area that we help our clients with a lot is understanding insurance deductibles. Insurance deductibles can be confusing to grasp, so we’re here to help you understand your deductibles and why they are important.

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Is Your Insurance Protecting You?


Insurance deductibles include the amount of money you pay out of pocket before your insurance company begins to cover expenses. If you’re in an accident or your home is damaged by a natural disaster, you’re responsible for paying the amount of your deductible before your damages are eligible to be covered by your insurance company. A few types of insurance deductibles include:

Homeowner’s Flat Dollar Deductible

One type of homeowner’s insurance deductible is the flat dollar deductible. Flat dollar deductibles mean you pay a fixed-dollar amount out of pocket whenever you file a claim for a covered loss. Most of these deductibles fall between $500 and $2,000.

Home Percentage Deductible

Another type of deductible for homeowners is a percentage deductible, which is used to cover damages from wind, hail, named storms, and hurricanes. The amount of these deductibles is determined by the percentage of your home’s insured value.

Car Insurance Deductible

A high car insurance deductible means you’ll be responsible to pay more if your car is stolen or damaged. However, having a higher deductible can help to lower your annual insurance cost. Having a lower car insurance deductible results in higher premiums.


An insurance deductible is the amount you’re responsible for paying until your insurance company begins to cover your expenses. Copays, on the other hand, are usually charged after you’ve met your deductible requirements.

Usually, having a higher deductible means your premium is lower. This is because you’re taking a risk by being willing to pay more upfront, so the insurance company rewards you by minimizing the amount you have to pay each month.

Yes, of course! After analyzing your financial situation and your insurance needs, we’ll help you choose a deductible that will serve you best.

Most car insurance deductibles are roughly 500 dollars.

In most cases, if you’re found to be the reason behind a car crash, then you’ll be required to pay your deductible before you can seek payment for damages incurred.

Yes, renter’s insurance policies also have deductibles. This deductible works in the same way as a homeowner’s insurance deductible.


Request A No-Obligation Insurance Quote

Team up with Alliance Insurance of the Rockies today and request a free, no-obligation insurance quote. Once we understand your insurance needs and your financial situation, we can help you choose an insurance policy with a deductible that’s right for you! With over 25 years of experience, we’re able to answer all of your insurance questions and help you make thoughtful financial decisions. To learn more about your insurance options, please fill out the form to the right!

Road Wreck Reveal: Uncover Accident Stats

Car accidents are a common occurrence on roads and highways across the United States, and they can have devastating consequences for those involved. Test your knowledge of car accident statistics with this quiz and discover the surprising facts and figures that may just save a life.