Frequently Asked Questions
Should I raise my deductible to lower my premium?
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.
How do I choose the right deductible?
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.
Are higher deductibles always better?
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.
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This calculator provides estimates based on general assumptions. Actual insurance costs and coverage vary by insurer, location, and individual risk factors. Not a quote or binding offer. Contact insurance providers directly for accurate quotes and coverage options.