Compare two auto insurance deductible options using the actual premiums you were quoted. The calculator finds how long premium savings from the higher deductible take to equal its additional out-of-pocket exposure. It also shows savings over your chosen period, helping you weigh predictable premium costs against the amount you would retain after a covered loss. It is a decision aid, not a claim forecast or policy recommendation.
The period comparison assumes one covered claim large enough for both deductibles to apply.
A shorter break-even period means premium savings offset the additional amount retained before coverage pays sooner.
This estimate does not predict claims and does not compare exclusions, limits, discounts, or insurer service.
With $500 and $1,000 deductibles, annual premiums of $1,680 and $1,440, the annual saving is $240. The extra deductible is $500, so break-even is 2.08 years.
The calculator reports no break-even because there are no premium savings to recover the added deductible.
No. You must also be able to pay the higher deductible promptly and compare all policy terms.
The period interpretation compares savings with the added cost of one covered claim; multiple claims can change the result.
Yes, if the quoted policy truly has no deductible and the other deductible is higher.
Only indirectly. A loss below a deductible may produce no insurer payment, so consider whether you would file that claim.
| Measure | Meaning |
|---|---|
| Premium saving | Guaranteed only while quoted prices remain unchanged |
| Deductible increase | Additional retained cost for a sufficiently large covered claim |
| Break-even | Time for savings to equal that additional retained cost |