Calculator
Should I raise my deductible?
A higher deductible lowers your premium, but you pay more when you have a claim. This shows how long it takes for the savings to cover that extra cost.
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Your agent or your carrier's website can tell you this.
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The higher deductible pays off after
Extra you'd pay out of pocket on a claim
What you'd save over 5 years with no claims
Good to know
Small claims can cost you later. Filing a claim for a few hundred dollars can raise your premium for years. Many people pick a higher deductible and save their policy for the big stuff.
Home and auto are separate. Each policy has its own deductible, and your home may also have a separate hurricane deductible.
Only raise it if you can pay it. The right deductible is one you could cover without a credit card.
Read more on our blog
Want to see the real numbers?
We'll quote a few deductible options side by side with multiple carriers.
Results are estimates for planning only. Your policy documents control your actual coverage.