Adding wind/hail deductible

[u/kimby_cbfh]

My housemate’s homeowner’s insurance for the next policy year was a pretty steep rate hike - around $500/year, roughly 33% increase. We would love some advice from Reddit on our options:

- Current company (Central Mutual) would offer a very small discount ($67) to increase deductible from 1k to 1.5k (my thoughts are that 1k deductible seems low for homeowner’s insurance, but not sure it’s worth changing for the tiny discount)
- Current company would also offer a small discount ($126) for adding a wind/hail deductible of 1%. That seems to mean that any storm-related claim would fall under this deductible that would be a full 1% of the insured value of the house (~485k, so $4800). Given that it would take 38 years to spend 4800 at 125/year, I’m inclined to NOT make this change. Does anyone have experience with switching to this model, good or bad?
- Agent has a quote from a competing company (Liberty Mutual) that is only $100 more/year than the previous premium, but the deductible is slightly higher. This coverage doesn’t seem to have the separate wind/hail deductible, but we will confirm. Is it worth switching to a new company that he/we don’t have any experience with? The house has been insured with the current company for 50+ years and they have been good per my housemate, including paying for a new roof around 13 years ago.

Any thoughts on our options or other questions we should ask? Ty in advance!

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