Watched a short video last night about comparing deductibles instead of just going with whatever has the lowest premium, and one part of it really stuck with me.
The guy running it walked through a simple way to find the break-even point — take the premium difference between the high and low deductible version of a plan, divide it by the deductible difference, and that’s roughly how many years you’d need to go claim-free for the higher deductible to actually pay off.
Ran it against two of my own policies right after, and for mine it came out to almost 4 years. Kind of reframed the whole stack of paperwork I’ve had spread across the kitchen table this week. I’d assumed the higher deductible was just the smarter pick because the monthly number looked better, but never actually asked how long I’d have to wait for that to pay off.
Writing this down so I don’t forget to run the same math on the other policies before I decide anything. Apparently it doesn’t hold up the same way if the deductible resets per claim instead of once a year, which a couple of mine might. Still working that part out.