Raising your collision and comprehensive deductible from $500 to $1,000 typically lowers premium by 10–20%. Going to $2,000 saves another 5–10%. The trade-off: you pay more out of pocket at claim time.
When to raise the deductible
- You have $1,000+ in liquid savings
- You drive a paid-off vehicle worth under $15,000
- You haven't had a claim in 5+ years
When to keep a low deductible
- You can't comfortably write a $1,000 check today
- Your vehicle is leased or financed
- You drive in high claim-frequency ZIPs
Frequently asked questions
How much do I save raising my deductible to $1,000?
Typically 10–20% on collision and comprehensive.
Is a $2,000 deductible too high?
Only if you can't afford to pay it out of pocket at claim time.
This article is for general information only and is not legal or tax advice. For guidance specific to your situation, talk to a licensed Texas insurance agent. Ready to put it into practice? Get a free quote or request a policy review.