Raising Your Deductible to Save on SR-22
Prices reviewed 2026-11-10
Bottom line: Moving from a $500 to a $1,000 deductible often trims full-coverage costs by roughly 5% to 10%. Only do it if you could cover the higher deductible after a crash.
If you carry full coverage, your deductible is one of the easiest dials to turn.
Typical effect
| Deductible change | Typical saving on collision and comprehensive |
|---|---|
| $250 to $500 | Moderate |
| $500 to $1,000 | Often 5% to 10% of the total premium |
| $1,000 to $2,000 | Smaller additional savings |
The catch
You'll pay more out of pocket if you file a claim. Keep an emergency fund equal to your deductible.
Liability-only policies have no deductible to raise. See liability vs. full coverage.