Test the higher deductible on claim day
A premium discount increases claim-day cash needs
Enter matched policies that differ only in deductible and premium. Compare added claim exposure with annual savings, then ask whether you can pay the higher deductible without borrowing. Run separate checks when wind, flood or another peril uses a different deductible. Keep each result beside its quote so unlike policies are not mixed.
Compare matched policies before changing one number
Get two quotes with the same coverage.
Change the deductible only.
Make sure the higher amount is ready in cash.
Read break-even without predicting a claim
Break-even years are claim-free years needed for premium savings to equal extra exposure.
Choosing an Insurance Deductible Without Guessing covers the controlling document terms and questions outside this result.
Bring both quote versions and every deductible
- Two quotes with otherwise matched coverage
- Every applicable flat or percentage deductible
- Annual premium for each option
- Cash that would be available immediately after a loss
Coverage differences this calculation cannot see
- Claim probability
- Separate catastrophe deductibles
- Premium changes after claims
The premium-versus-claim-cash tradeoff
Compare annual premium savings with added out-of-pocket claim exposure.