Car Insurance Deductible Calculator

Whether a higher deductible pays for itself.

  • Free, no sign-up
  • Results update as you type
  • Updated for 2026
Live Car insurance deductible
Your numbers
Lower deductible
$
$
Higher deductible
$
$
Your risk
%
Higher deductible saves
$250 / yr
Break even if you go 2.0 years without a claim

Details

Extra out of pocket per claim
$500
Expected yearly cost, low deductible
$1,950
Expected yearly cost, high deductible
$1,750

Keep at least the higher deductible in your emergency fund before choosing it.

How this calculator works

The yearly premium savings from the higher deductible are compared with the extra you'd pay if you file a claim. Break-even is that extra divided by the yearly savings. Expected cost adds the premium to the deductible times your chance of a claim.

Worked example

With the example values below: Higher deductible saves, $250 / yr (break even if you go 2.0 years without a claim). Change any number above to run your own.

What you enter

InputExample
Lower deductible
Deductible$500
Annual premium$1,900
Higher deductible
Deductible$1,000
Annual premium$1,650
Your risk
Chance of a claim in a year10%
0

Grow what this calculator projects.

TruthSayer AI sends quantitative stock signals across valuations, earnings and dark-pool activity, each one traded in its own funded account first.

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Estimates for planning only, not financial, tax or legal advice. Tax tools use 2026 federal figures (brackets, $16,100 / $32,200 standard deduction, $19,000 gift exclusion, $15M lifetime exemption). Rates shown as defaults are examples; replace them with quotes you actually receive.