$500 vs $1000 Collision Deductible
A **$500 deductible** means you pay the first $500 on a collision claim—premiums run higher. A **$1,000 deductible** cuts premium 10-20% but hurts if you file small repair claims often.
Step by step
1. Quote both deductibles
Same coverage limits—only change deductible.
2. Break-even claims
Annual premium savings ÷ $500 extra exposure.
3. Match driving risk
Urban parking and teen drivers favor lower deductible.
$500 vs $1,000 deductible
Drivers who rarely claim win with higher deductibles.
- $500 deductible: Lower out-of-pocket per claim; higher premium.
- $1,000 deductible: Premium savings; pay more per accident.
Use our calculators
Common mistakes
- Raising deductible without emergency fund
- Filing sub-deductible cosmetic claims
FAQ
Does deductible apply to comprehensive?
Usually yes—glass may have separate $0 glass rider.