Why Use This Insurance Deductible Calculator
Choosing between high and low deductible plans can be tricky. This insurance deductible calculator helps you:
- 💰 Compare Costs — see the difference in deductibles and premiums.
- 📊 Calculate Monthly Savings — see how much you save each month.
- ⏱️ Find Break-Even — know when you recoup the higher deductible.
- 📈 Visualize Your Options — see the comparison charts.
- 📜 Track Your History — save, review, and export past calculations.
- 🔒 100% Private — all calculations run locally.
How Insurance Deductible Break-Even Is Calculated
Deductible Difference = High Deductible − Low Deductible
Monthly Premium Savings = Low Premium − High Premium
Annual Premium Savings = Monthly Savings × 12
Break-Even (months) = Deductible Difference ÷ Monthly Premium Savings
Total Savings at Term = Annual Savings × Policy Term − Deductible Difference
How to Use This Health Insurance Deductible Calculator
- Select your account currency from the picker in the site header.
- Enter the high deductible amount.
- Enter the low deductible amount.
- Enter the monthly premium for both plans.
- Enter the policy term in years.
- View your results instantly — see your monthly savings, break-even period, and total savings.
Frequently Asked Questions
What is an insurance deductible?
An insurance deductible is the amount you pay out-of-pocket before your insurance coverage kicks in. Higher deductibles typically mean lower monthly premiums.
How is the break-even period calculated?
Break-even period = (High Deductible − Low Deductible) ÷ (Low Premium − High Premium). This is the number of months it takes for premium savings to cover the higher deductible.
When should I choose a high-deductible plan?
You should choose a high-deductible plan if the monthly premium savings outweigh the higher deductible over the time you expect to keep the policy.
Is my data stored anywhere?
No. All calculations run locally in your browser. History and presets are saved in your browser’s localStorage — nothing is sent to a server.