How the One Deductible Advantage Saves You Money

Apr 26, 2024 2 min read

Whether it’s a natural disaster, freak accident, theft or something else, when the unimaginable happens, the last thing you want to deal with is paying multiple deductibles for each single loss event. That’s where the One Deductible Advantage can benefit you. Here’s how this single deductible feature works — and how it can help you save money. 

What Is the One Deductible Advantage?

Known generically as a single loss deductible, the One Deductible Advantage is a unique feature of your Farm Bureau Member’s Choice insurance policy that ensures you pay just one deductible for all covered possessions that are damaged in the same loss event, when insured on a single policy. 

How Does the One Deductible Advantage Save You Money?

To see how the One Deductible Advantage can save you money, here’s an example that can happen to just about anyone: A massive storm rolls through, and the heavy winds, hail and lightning cause damage to your home and car, all in one fell swoop. 

Depending on how your policies are designed, those costs can add up quickly. But when your policy includes a single deductible feature like the One Deductible Advantage, you only need to pay a single deductible for your possessions that are damaged in the same loss.

What Are Some Other Ways to Save on Insurance?

When it comes to saving money, there are many ways you may be able to lower your insurance costs and make a bit more room in your budget. Here are three things to ask your local Farm Bureau agent about today:

  1. Bundle Your Policies

One of the best ways to ensure you’re taking advantage of as many discounts as possible is by bundling your policies. When you bundle multiple coverages with Farm Bureau’s Member’s Choice, you’ll pay one premium and avoid the hassle of managing multiple policies and payments. Plus, you’ll be eligible for the One Deductible Advantage, should the unexpected happen.

  1. Pay for Your Policies in Full

Whether you’re paying for coverage in one area of your life or bundling multiple together, you can save money based on how you pay. If you pay your annual policy premium in one payment for your property or vehicles, or both, you can lower your overall cost than it would be by paying monthly.

  1. Insure More

If you’re a farmer or rancher who protects their operation with Farm Bureau, you could be eligible for our Ag Advantage and Ag + Rewards discounts, both of which can continue to grow over time. The more you add, the more you get rewarded. Add auto coverage to your existing ag policy to earn a discount. Add umbrella coverage and you could save even more. 

  1. Qualifying for Discounts

There may be additional discounts you can qualify for that can help you save on insurance. Farm Bureau has auto and homeowners discounts that could potentially help you lower your insurance payments. Talk with your agent about whether you qualify. 

Don’t Leave Money on the Table

There’s no better time than now to set up a SuperCheck® with your local Farm Bureau agent to evaluate your current coverage and see if there are additional ways you can lower your insurance costs. 

Want to learn more?

Contact a local FBFS agent or advisor for answers personalized to you.