Auto Deductible Optimizer

Compare deductible levels by modeling total expected yearly cost.

Enter your current premium and compare against another deductible option.

Analysis Inputs

10%

Comparison Results

Option A Wins
Option A (Current)$0Expected Annual Cost
Option B (Target)$0Expected Annual Cost
Break-even Period: 0.0 months

Time required for premium savings to cover the deductible difference.

CurrentTarget

Understanding the Tradeoff

Deductibles vs. Premiums

A higher deductible lowers your monthly premium but increases your financial risk in the event of a claim. This tool calculates the "Expected Cost" by blending fixed premiums with the statistical likelihood of paying your deductible.

Key Considerations

  • Emergency Fund: Ensure you have cash on hand to cover the higher deductible.
  • Frequency: If you file claims often, lower deductibles are usually more cost-effective.
  • Break-even: If it takes 5+ years to break even, the lower deductible may be safer.

Disclaimer: This is an analytical model, not financial advice. Actual costs vary based on insurance provider terms and specific claim details.

Explore Other Analysis Tools

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Claim Probability Tool

Estimate the statistical likelihood of filing a claim this year.