Estimate deductible savings
$500 → $1,000 deductible
Savings: ~$162/yr · Break-even: 3.1 claim-free years
$1,000 → $2,000 deductible
Savings: ~$90/yr · Break-even: 11.1 claim-free years
Formula
Annual savings ≈ Current collision+comp premium × deductible-tier factor. Break-even years = (New deductible − Old deductible) ÷ Annual savings.
How to use it
- Find your current collision + comprehensive premium
- Get quotes at $500, $1,000, and $2,000 deductibles
- Subtract to find annual savings at each tier
- Divide the deductible increase by annual savings — that's how many claim-free years it takes to break even
Worked example
Going from $500 to $1,000 saves $180/year → break-even at 2.8 years claim-free.
Frequently asked questions
What is the most common deductible in Texas?
$500 and $1,000 are the most common. $250 is rare; $2,000+ requires substantial savings.
Can I lower my deductible later?
Yes, but doing so re-raises your premium immediately.
This calculator is for educational estimation only. For a binding quote, talk to a licensed Texas insurance agent or request a free quote.