Insurance Premium vs Deductible What s The Difference

What’s the difference between an insurance premium and a deductible — and how do they actually affect what you pay?

These are two of the most common terms you’ll see on any insurance policy, yet they’re often misunderstood. In this video, I break down the difference between insurance premiums and deductibles in plain English, and explain how being strategic with your deductible can help keep your insurance costs more manageable.