Professional services
Insurance Deductible Calculator
Whether raising a deductible pays, given the premium saving and how often you claim.
Result
An estimating tool, not insurance advice and not a quote. Actual premiums are set by underwriting on factors no calculator sees: claims history, credit and loss data, exact location, construction, contract requirements and the insurer's own appetite. What cover you need is a question for a licensed broker who has looked at your situation. The arithmetic ignores the thing that actually matters: whether you can pay the higher deductible on the day of a claim without borrowing. A deductible you cannot afford is not a saving, it is a risk transferred back to yourself at the worst moment. Claim frequency also rises with a higher deductible only because small claims stop being worth filing.
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About this calculator
Should I take the highest deductible I can?
Only up to what you could comfortably pay tomorrow from savings. The premium saving is real but the point of insurance is the loss you cannot absorb.
Does filing small claims cost me anyway?
Frequently, yes. Claims frequency affects renewal pricing and eligibility more than severity in many lines, so a higher deductible that stops you filing small claims can help twice.
The formula
net = premium saving over ten years - extra deductible x expected claims
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Estimating is the easy part
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