Home Insurance Deductible Calculator

Home Insurance Deductible Calculator

Compare two insurance options to find your breakeven point and see potential savings.

Option 1 (e.g., Lower Deductible)

Option 2 (e.g., Higher Deductible)

Breakeven Point

${results.breakevenYears.toFixed(1)} Years

Years until premium savings cover the higher deductible cost.

`; renderChart(results); resultsArea.style.display = 'block'; } function calculateComparison() { const getValue = id => parseFloat(document.getElementById(id)?.value) || 0; const premium1 = getValue('premium1'); const deductible1 = getValue('deductible1'); const premium2 = getValue('premium2'); const deductible2 = getValue('deductible2'); const damageCost = getValue('damageCost'); if (premium1 <= 0 || deductible1 <= 0 || premium2 <= 0 || deductible2 <= 0) { alert("Please enter valid premium and deductible values for both options."); return null; } if (deductible2 <= deductible1) { alert("Option 2's deductible must be higher than Option 1's to perform a valid comparison."); return null; } const premiumSavings = premium1 - premium2; if (premiumSavings <= 0) { alert("Option 2's premium must be lower than Option 1's for there to be any savings."); return null; } const outOfPocket1 = Math.min(damageCost, deductible1); const outOfPocket2 = Math.min(damageCost, deductible2); const totalCost1 = premium1 + outOfPocket1; const totalCost2 = premium2 + outOfPocket2; const deductibleDifference = deductible2 - deductible1; const breakevenYears = deductibleDifference / premiumSavings; return { premiumSavings, breakevenYears, totalCost1, totalCost2, outOfPocket1, outOfPocket2, premium1, premium2 }; } function renderChart(results) { const ctx = document.getElementById('comparisonChart'); if (!ctx) return; if (comparisonChartInstance) { comparisonChartInstance.destroy(); } comparisonChartInstance = new Chart(ctx, { type: 'bar', data: { labels: ['Option 1 (Lower Deductible)', 'Option 2 (Higher Deductible)'], datasets: [ { label: 'Annual Premium', data: [results.premium1, results.premium2], backgroundColor: 'rgba(59, 130, 246, 0.7)', }, { label: 'Out-of-Pocket for Claim', data: [results.outOfPocket1, results.outOfPocket2], backgroundColor: 'rgba(239, 68, 68, 0.7)', } ] }, options: { responsive: true, plugins: { title: { display: true, text: `Total Cost in a Claim Scenario (Damage: $${(document.getElementById('damageCost').value)})` }, tooltip: { callbacks: { label: function(context) { let label = context.dataset.label || ''; if (label) { label += ': '; } if (context.parsed.y !== null) { label += new Intl.NumberFormat('en-US', { style: 'currency', currency: 'USD' }).format(context.parsed.y); } return label; } } } }, scales: { x: { stacked: true, }, y: { stacked: true, beginAtZero: true, title: { display: true, text: 'Total Cost ($)' } } } } }); } function downloadPDF() { const { jsPDF } = window.jspdf; const pdfContent = document.getElementById('pdf-output'); const pdfTitle = document.getElementById('pdf-title'); if (!pdfContent || !pdfTitle) return; pdfTitle.style.display = 'block'; html2canvas(pdfContent, { scale: 2 }).then(canvas => { pdfTitle.style.display = 'none'; const imgData = canvas.toDataURL('image/png'); const pdf = new jsPDF({ orientation: 'p', unit: 'mm', format: 'a4' }); const pdfWidth = pdf.internal.pageSize.getWidth(); const imgProps = pdf.getImageProperties(imgData); const imgWidth = pdfWidth - 20; const imgHeight = (imgProps.height * imgWidth) / imgProps.width; pdf.addImage(imgData, 'PNG', 10, 10, imgWidth, imgHeight); pdf.save('Home-Insurance-Deductible-Analysis.pdf'); }); } });
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