Insurance Deductible Savings Calculator

Yes if you have the savings to absorb the higher deductible. Raising auto comp/collision from $500 to $1,000 saves 10-15% on premium; raising home from $1,000 to $2,500 saves 10-20%. Calculate breakeven: premium savings × years = deductible difference.

Pick the highest deductible you can comfortably pay from emergency savings. Most experts recommend $1,000 minimum for auto and $2,500 for home if you have 3+ months of expenses saved.

No - if you file frequent small claims or have low cash reserves, lower deductibles protect cash flow. But filing many small claims invites non-renewal, so keeping a higher deductible and self-paying small losses is often the safer long-term play.

Auto: $500 is the most common, with $1,000 close behind. Home: $1,000 to $2,500 is typical, plus percentage deductibles of 1-5% in hurricane- or hail-prone areas. The best choice depends on your claim frequency and your emergency fund.

Only if the savings you bank between claims exceed the deductible difference. This calculator does exactly that math and shows the crossover. As a quick rule: if your annual savings clears 10% of the deductible difference, the higher deductible usually wins.

Yes, most carriers let you adjust the deductible at any time and prorate the premium. But you can't raise the deductible retroactively after a claim: the change applies to your next claim.