I don't have our policy here in front of me, but I'm pretty sure that our deductible is $3000. It had been $1000 but I bumped it higher to lower the premiums. My reasoning was that I would probably not even submit a claim that was $1500, for example, because that would only give me $500 back from the insurance company. And I'd be concerned that having a claim (we've always been claim-free) would eventually affect our insurance premiums, leading them to be increased (especially if we ended up getting another claim later). So it wouldn't make good financial sense IMO--but I'm not an insurance expert so perhaps someone might correct me here.

But having to pay out that $3000 wouldn't be a huge burden on us, either, so that seemed to make the most sense for us. If it is worrying you, though, then you need to reconsider your own situation and the cost vs. benefit of the lowered premium with that higher deductible.