Home Insurance Deductible Calculator
Calculate your home insurance deductible amount. Estimate out-of-pocket costs for different claim scenarios based on your home value and deductible percentage.
Step 1: Home Value & Currency
Understanding Home Value
Your home value affects your deductible amount. Most homeowners insurance deductibles are 1-5% of home value. Higher deductibles mean lower premiums but higher out-of-pocket costs.
Step 2: Deductible Options
How Deductibles Work
Deductible: The amount you pay out-of-pocket before insurance covers the rest.
Example: $100,000 damage with 2% deductible ($7,000) = You pay $7,000, insurance pays $93,000.
Insurance Deductible Results
Your Deductible Amount
Claim Scenario Analysis
| Claim Type | Damage Amount | Your Deductible | Insurance Pays | You Pay |
|---|
Important Notes
• Deductibles typically apply per claim
• Some policies have separate deductibles for wind/hail
• Flood insurance usually has separate deductible
• Actual premiums vary by insurer, location, and risk factors
Premium vs. Deductible Comparison
How Deductibles Affect Premiums
Generally, increasing your deductible by $1,000 can reduce your annual premium by up to 25%. The exact savings depend on your insurer and location.
| Deductible | Estimated Annual Premium | Monthly Premium | Annual Savings | Risk Level |
|---|
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