Free tool
Insurance deductible calculator
Compare two deductibles for the same home or renters policy. See how much the higher deductible saves each year, how many claim-free years it takes to break even, and the average yearly cost if you claim every few years. Nothing is stored.
Option B saves on premiums
$150 a year
- Break-even (claim-free)
- 3.3 years
- Extra deductible
- $500
- Average cost, A
- $1,500 a year
- Average cost, B
- $1,400 a year
On average, Option B costs about $100 a year less than Option A.
Average cost = premium + deductible spread over the years between claims. Uses the numbers you enter; it doesn't know your insurer's prices or your risk. Estimates only, not insurance advice.
Before you raise your deductible
- Keep it in savings. Only pick a deductible you could pay tomorrow without borrowing.
- Check special deductibles. Wind, hail or hurricane deductibles can be a percentage of your home's insured value. See choosing a deductible.
- Ask about discounts too. See discounts to ask about.