Deductible Impact Calculator
See how changing your deductible amount affects your auto insurance premium. Compare different deductible levels to find the right balance between monthly cost and out-of-pocket risk.
Frequently Asked Questions
How much does raising my deductible save?
Raising your deductible from $500 to $1,000 typically saves 15-25% on your collision and comprehensive premiums. Going from $500 to $2,000 can save 25-35%. However, you must be able to pay the higher deductible out of pocket if you file a claim.
What is the best deductible for auto insurance?
The best deductible balances affordability with savings. A $500 deductible is most common, but if you have an emergency fund and rarely file claims, a $1,000 deductible can save you hundreds per year while still being manageable out of pocket.
Should I choose the highest deductible possible?
Only if you have enough savings to cover the deductible in case of an accident. A high deductible saves on premiums but means more out-of-pocket cost when you file a claim. Never choose a deductible you cannot afford to pay.