| A | B | C | D | E | F | |
|---|---|---|---|---|---|---|
1 | DEDUCTIBLE BREAK EVEN CALCULATOR* | INDUSTRY AVERAGE CLAIMS FREQUENCY | ||||
2 | Current Deductible | $500 | 1 | Average Comp & Collision Claims Frequency (Years) | 10 | |
3 | Proposed Deductible | $1,000 | 2 | Dollar Difference in Deductibles (Per Year) | $500 | |
4 | Dollar Difference in Deductibles (Per Year) | $500 | 3 | Policy Premium Savings With Higher Deductible (Per Year) | $100 | |
5 | Policy Premium Savings With Higher Deductible (Per Year) | $100 | 4 | Total Premium Savings between Claims (using Average Frequency above) (1 times 3) | $1,000 | |
6 | Break Even Period (Years) | 5.0 | 5 | SAVINGS: Net Premium Saved during Average Claim Frequency (4 minus 2) | $500 | |
7 | (Time it takes to recoup an increase in your deductible with premium savings) | *Directions: Fill in your specific information shown YELLOW. Your Deductible Break Even Time Frame will show in Green to the left and potential savings over time based on average frequency of claims above. | ||||
8 | *For Homeowners Deductible Break Even Choose the Homeowners Tab Below: | |||||