Homeowners Deductible Tradeoff
Annual savings × years until deductible jump pays back.
Result
Years until deductible payback
10.0 yr
Saves $400/yr; need 10.0 claim-free yrs.
- Lower deductible$1000
- Lower premium$1500/yr
- Higher deductible$5000
- Higher premium$1100/yr
- Deductible difference$4000
- Annual savings$400
- Payback years10.00
Step-by-step
- Annual savings if you go higher = $1500 − $1100 = $400.
- Years to recoup the higher deductible = $4000 / $400 = 10.00.
How to use this calculator
- Enter both quote scenarios.
- See payback period.
About this calculator
Higher deductible = lower premium. Pays off if you go ~5+ years between claims (typical homeowner average). For low-claim discipline + healthy emergency fund: take $5k+ deductible, save $300-500/yr. For year-to-year cash-poor or disaster-prone areas: keep $1k-2.5k. Most insurers separate hurricane/wind deductibles (1-5% of dwelling) from regular peril deductibles.
Frequently asked
Homeowner: ~1 claim per 10-15 years. Most years: zero. So higher deductible usually pays.
Related calculators
Home Replacement Cost
Replacement cost = sq ft × $/ft² (region + quality). Different from market value.
Auto Liability Coverage Minimums
State minimums shown vs recommended; coverage shortfall risk.
Pet Insurance ROI vs Out-of-Pocket
Premium total vs expected vet costs over pet lifetime.
Health Plan: Deductible vs Premium
Total annual cost = premiums × 12 + expected medical × cost-share until OOPM.
Insurance Bundling Savings
Auto + Home from same carrier typically saves 5-25%.
Umbrella Policy Coverage Calculator
Recommended umbrella coverage = net worth + 5-10× annual income (lawsuit-protection rule of thumb).