How long a higher deductible takes to pay off. For auto and home.
A higher deductible usually lowers your premium, but it means paying more yourself when you do claim. This calculator compares your current deductible and premium with a higher deductible and its premium.
It shows how many years of premium savings it takes to make up the extra amount you'd pay at claim time. If you're unlikely to hold the policy that long, the saving may not be worth the added risk.
Nothing you enter is sent or saved. It's an estimate worked out only from your numbers. It isn't advice, a quote or a recommendation.