Auto Insurance Deductible Calculator
Auto Insurance Deductible
Compare auto insurance deductibles and find the break-even claim frequency
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Formula
Break-Even Years = (New Deductible - Current Deductible) / Annual Premium Savings
Frequently Asked Questions
Should I raise my auto insurance deductible?
Raising your deductible saves on premiums but increases your cost per claim. It is best if you rarely file claims and can cover the higher deductible.
What is the most common auto insurance deductible?
The most common deductible is $500, though $1,000 deductibles are increasingly popular for the premium savings.