How it works
- First, what is a deductible? It’s the initial amount toward a claim before coverage kicks in (even if you’re not at fault).
- You pay $30 as part of your yearly premium toward your Deductible Fund.
- Liberty Mutual lowers your deductible by $100 every single year.
- The money in your fund will reduce the balance you pay out-of-pocket if you have a claim.
Note: After year 5, you’ll continue to earn and save beyond the $500.
Deductible Fund in action
Save on your deductible
Once the claim is filed, you'll be required to pay your insurance deductible. This deductible will be reduced by the balance in your Deductible Fund.
If you need to use your entire fund, your Deductible Fund will reset automatically at renewal.
Watch your fund grow
Your fund will continue to build each year, so the money in your Deductible Fund is there for you whenever you need it.