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Does A Higher Deductible Save You Money On Your Car Insurance?

Written by Ben Brown

A higher insurance deductible on your car insurance will save you money. Often people can save hundreds of dollars a year by choosing a $1,000 deductible instead of a $100 deductible.

The deductible is applied towards a car’s comprehensive and collision coverage. Comprehensive and collision coverage on an insurance policy pay for damages to a car.

The savings will diminish over time since the deductible savings is based on the vehicle value. As your car ages, you can expect the savings between a lower deductible and higher deductible to move towards each other.

For example, the difference between a $1,000 deductible and a $500 deductible may only be a few dollars for a car over 5 years old. For this reason, the newer the car the greater the savings for a higher deductible.

We recommend that you ask your agent to compare the deductibles for you to see if it makes sense to have a higher or lower deductible.

Contact Flame Insurance for answers to your personal insurance questions. We can be reached at 520-888-6900 or send us an email at

About Flame Insurance

We work with individuals across the nation to secure the best life insurance rates.

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