Two-quote decision worksheet · Free calculator

Truck Insurance Deductible Comparison Calculator

Compare the total modeled cost of two commercial truck insurance quotes—not just the annual premium. Test zero, one or more assumed covered losses and see whether your business cash reserve can cover the deductible.

Editable example figures

Compare your quotes

Plan A — lower deductible example

Annual premium A ($)All recurring annual premium payments for the coverage being compared Per-claim deductible A ($)Assumed fixed deductible applicable to this covered loss

Plan B — lower premium example

Annual premium B ($)Use the same policy period and coverage scope as A Per-claim deductible B ($)Check whether the quote specifies a flat, percentage or special deductible

Illustrative loss and available cash

Covered loss amount per incident ($)Same hypothetical covered loss for each plan Covered incidents in one yearScenario assumption; not a claim-frequency forecast Cash reserved for a deductible ($)Immediately available business cash, not a policy benefit

All numbers are examples. Each incident is assumed to be fully covered apart from a single fixed-dollar per-claim deductible. This simplified model omits coverage disputes, exclusions, policy limits, coinsurance, premium finance, taxes, claims surcharges and future renewal effects.

Your modeled comparison

Annual cost under these assumptions

Lower modeled total cost——

Plan A annual premium + incident costs—

Plan B annual premium + incident costs—

Plan A out of pocket per covered loss—

Plan B out of pocket per covered loss—

Cash reserve shortfall — A—

Cash reserve shortfall — B—

Mathematical cost crossover: —

“Lower modeled total” means annual premium plus the assumed deductible portion of claims. It is not a recommendation to purchase either policy.

Sensitivity analysis

What if claim frequency changes?

The table uses the same hypothetical covered loss for every incident. A fractional crossover is mathematical—not a predicted number of real claims.

Insurance premium plus deductible costs by modeled annual claim count
Covered claims	Plan A cost	Plan B cost	Lower modeled cost
Enter assumptions above.

Decision guide

Start with coverages, not the premium

Modeled annual cost = annual premium + number of assumed covered claims × lesser of deductible and covered loss amount. This intentionally assumes that each loss is covered, the deductible is a fixed dollar amount charged per claim and no policy limit is reached. Real claim settlements can work differently.

Ask the broker for both declarations and endorsements. Compare physical damage versus cargo and liability coverages separately, check actual cash value versus stated amount or replacement provisions, and confirm whether wind, theft, cargo spoilage or other losses have special deductible terms.

The National Association of Insurance Commissioners explains the trade-off between premium cost and the deductible portion of a claim. Federal FMCSA financial-responsibility filing requirements are a distinct question and are explained on the FMCSA insurance filing page.