How deductible trade-offs work
A higher deductible often lowers the premium, but it shifts more of the first loss to you. This page compares the sure monthly savings with the possible larger out-of-pocket cost after a claim.
Questions before choosing a higher deductible
- Can you pay the deductible immediately after an accident?
- Is the vehicle value high enough to justify collision or comprehensive coverage?
- How much do you actually save per year?
- Would a lender or lease require a maximum deductible?
Limitations
This calculator does not quote insurance, predict claims, evaluate state rules or replace advice from a licensed insurance professional.
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FAQ
Is a higher deductible always better?
No. It depends on savings, emergency cash, vehicle value and claim risk.
Does this calculate real insurance quotes?
No. Enter premium quotes from your insurer or comparison tool.
What is break-even time?
It is how many months of premium savings are needed to offset the extra deductible risk.