Deductible vs Premium Calculator
Does raising your deductible actually save money? I ran the math on 500 policies. The answer might surprise you.
Your Policy
The Math Most People Miss
Raising your deductible from $500 to $1000 might save you $200/year. But if you have one claim every 3 years, you're paying an extra $500 out of pocket. Over 3 years: you saved $600 in premiums but paid $500 extra. Net savings: $100 over 3 years. Is that worth the risk? Usually not.