Deductible is the single biggest lever on physical damage premium. Here's the typical El Paso savings.
Approximate savings
- $250 to $500: save 10–15%
- $500 to $1,000: save 15–25%
- $1,000 to $2,500: save 25–40%
When raising the deductible makes sense
- You have the new deductible amount in liquid savings today
- You drive a paid-off vehicle
- You have been claim-free for five or more years
When to keep a low deductible
- You could not comfortably write the check tomorrow
- The vehicle is leased or financed
- You park or commute in a high claim-frequency El Paso ZIP
The only rule that matters
Pick a deductible you can pay tomorrow without borrowing. A $2,500 deductible saves real money – but only if you have $2,500 sitting in savings.
Frequently asked questions
Is a $1,000 deductible always cheaper?
On premium, yes – but only worth it if you can afford the out-of-pocket.
Can I have different deductibles on collision vs comprehensive?
Yes.
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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.