Deductible calculator: is a higher deductible worth it?
Enter the savings your insurer quotes for a higher deductible and see your break-even point.
How deductibles work
Your deductible is what you pay first on a collision or comprehensive claim. If you choose a higher one, the insurer usually charges less each year, but you pay more each time you file a claim.
When a higher deductible may make sense
- You have savings to cover it tomorrow.
- You rarely file claims.
- The yearly premium savings are meaningful.
When to be careful
- A surprise bill of that size would strain your budget.
- The savings are small compared with the extra you’d pay on a claim.
An estimate for planning, not insurance advice. Ask each insurer for quotes at different deductibles.
Compare quotes at different deductibles
FAQs
What is a car insurance deductible?
It is the amount you pay out of pocket on a collision or comprehensive claim before your insurer pays the rest. It does not apply to liability coverage.
Does a higher deductible always save money?
No. It lowers your premium but raises what you pay on each claim. It only pays off if you go long enough without claims.
How high should my deductible be?
Choose an amount you could pay from savings tomorrow without stress.
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