Worth raising it?
Raising Your Deductible: How Much Will You Save?
Higher deductibles mean lower premiums — but only up to a point. See the break-even math for your policy.
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Typical savings by deductible
Diminishing returns kick in fast above $1,000.
- $500 → $1,000: 7–12% savings.
- $1,000 → $2,500: another 5–8%.
- $2,500 → $5,000: 2–4%, often not worth the risk.
The break-even formula
Divide the extra deductible by the annual premium saving. If you'd recover it in under 3 years without a claim, it's usually worth it.
Frequently asked
- Will a higher deductible hurt a claim?
- No — you just pay more out of pocket per claim. Cover scope is unchanged.
- Should every policy match deductibles?
- No. Match deductible to claim frequency: lower on what you actually claim, higher on what you don't.
Your policy is the only source of truth
Stop guessing. Check your actual policy.
Generic answers don't pay claims. PolicyPal reads your policy wording in seconds and tells you, in one sentence, whether you're covered.
Upload your policy$7 per analysis · No subscription · PDF only