Here's the thing: A deductible doesn't have to be a certain amount of money. Nobody is forcing you to pay a certain amount of money. But let's be honest -- being stuck with a really high deductible can be troublesome in the event of you having to file a claim... just like being stuck with a really low deductible can be as expensive (if not more expensive) in the long run.
You read that right. Being stuck with a really deductible can be bad too. If you are new to the world of Edmonton insurance coverage, you may not be aware of this, but the lower your deductible is, the higher your monthly premiums are. And vice versa.
With that being said, it would make sense for you to choose a deductible that you can afford and which doesn't end up raising your monthly premiums dramatically. Unfortunately, this is something that you will have to figure out by yourself or with the help of your insurance broker.
Whichever way you decide to go, however, remember that lowering monthly premiums CAN be done, and that having some money aside to cover your deductible is always a good idea.