Best Auto Insurance With a $1,000 Deductible in 2025 (Top 10 Companies Ranked)
Geico, Erie, and Farmers have the best auto insurance with a $1,000 deductible, starting at $90 monthly. Geico stands out for rewarding safe drivers with $100 yearly deductible reductions. Erie Rate Lock prevents rate increases after an accident, while Farmers provides savings for teachers and nurses.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
UPDATED: Apr 1, 2025
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 1, 2025
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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3,072 reviewsThe best auto insurance with a $1,000 deductible are Geico, Erie, and Farmers, with rates starting at $90 monthly. Geico offers a $100 annual deductible reduction to drivers who remain accident-free and don’t file claims.
Our Top 10 Company Picks: Best Car Insurance With a $1,000 Deductible
| Company | Rank | A.M. Best | Bundling Discount | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | A++ | 25% | Affordable Options | Geico |
 | #2 | A+ | 25% | Locked-In Rates | Erie |
 | #3 | A | 20% | Professional Discounts | Farmers |
 | #4 | A | 25% | Family Benefits | American Family |
 | #5 | A | 15% | Member Discounts | AAA |
 | #6 | B | 17% | Reliable Network | State Farm |
 | #7 | A+ | 25% | Comprehensive Policies | Allstate |
 | #8 | A++ | 13% | Green Vehicles | Travelers |
 | #9 | A | 25% | Teachers & Students | Liberty Mutual |
 | #10 | A+ | 10% | Custom Pricing | Progressive |
When choosing an auto insurance deductible, drivers must balance monthly premium costs against potential out-of-pocket expenses.
While a $1,000 deductible typically leads to lower monthly payments compared to a $500 deductible, you’ll need to ensure you can cover the higher amount if you file a claim.
- Geico leads by reducing deductibles by $100 each year for safe driving
- Erie Insurance stands out by offering rate-lock guarantees
- Farmers provide occupation-specific discounts for teachers and nurses
Finding cheap auto insurance rates can be difficult for high-risk drivers, but you don’t have to do it alone. Enter your ZIP code to find the most affordable quotes in your area.
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#1 – Geico: Top Overall Pick
Pros
- Deductible Reduction Benefits: You can lower your $1,000 deductible by $100 each year you drive safely, putting money back in your pocket.
- DriveEasy UBI Rewards: Usage-based driving app monitoring that tracks safe driving lowers your premium while you keep your $1,000 deductible.
- Military Service Advantages: Military members and federal employees enjoy extra savings, which reduce the impact of the $1,000 deductible. Learn more by reading our Geico insurance review.
Cons
- Service Response Issues: Customer service may reply slowly when you file a claim with your $1,000 deductible.
- Limited Local Support: Local agents are hard to find if you prefer talking face-to-face about your auto insurance deductible options.
#2 – Erie: Best for Locked-In Rates
Pros
- Rate Lock Feature: You can lock in your rate for years, which helps when budgeting for a higher deductible. See our review of Erie auto insurance to compare rates and learn more about this provider.
- Loyalty Rewards Program: Your $1,000 deductible can shrink over time just for being a loyal customer.
- First Accident Protection: They won’t raise your rates after your first accident, even with a $1,000 deductible policy.
Cons
- Geographic Restrictions: Only available in certain states, so not everyone can get its $1,000 deductible plans.
- Digital Platform Limitations: The Erie Insurance website isn’t great for managing claims when you need to use your deductible.
#3 – Farmers: Best for Professional Discounts
Pros
- Safe Driver Technology: Farmers safe driving tool cuts your premium while keeping a $1,000 deductible.
- Professional Discounts: Teachers and nurses get discounts that lower the cost of the $1,000 deductible. Take a look at our Farmers insurance company review to learn more.
- Accident Forgiveness: With a clean record, they ignore your first accident if you hold a $1,000 deductible.
Cons
- Premium Cost Concerns: Starting rates are higher than most, even with a $1,000 deductible.
- Policy Complexity: Their policy terms about when you pay your deductible can be confusing.
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#4 – American Family: Best for Family Benefits
Pros
- Multi-Vehicle Savings: Families with several cars reduce costs on their $1,000 deductible plans.
- App-Based Discounts: Their driving app helps you earn lower rates while keeping your $1,000 deductible.
- Teen Driver Benefits: Parents save extra when adding teen drivers to a policy with a $1,000 deductible. Learn more in our review of American Family insurance.
Cons
- Coverage Variability: Not all states offer the same choices for $1,000 deductible coverage.
- Record Requirements: You need a clean driving record to get the best deductible savings.
#5 – AAA: Best for Member Discounts
Pros
- Roadside Assistance: Free towing and roadside help come with your $1,000 deductible policy. Learn more about AAA roadside assistance in our review of AAA insurance.
- Travel Protection: If your car breaks down on vacation, AAA helps with expenses beyond your deductible.
- Long-Term Savings: The longer you stay with AAA, the more you save on your $1,000 deductible plan.
Cons
- Membership Required: You must pay for AAA membership before getting their $1,000 deductible insurance.
- Basic Plan Limitations: Basic plans with a $1,000 deductible don’t include as many features as other companies.
#6 – State Farm: Best for Reliable Network
Pros
- Safe Driver Program: State Farm Drive Safe & Save can cut your premium while keeping your $1,000 deductible. Learn how to qualify in our Drive Safe & Save review.
- Rental Coverage: When your car’s in the shop, they cover rental cars using the same deductible.
- Young Driver Options: Young drivers get special programs to make $1,000 deductible policies more affordable. Read more in our full review of State Farm auto insurance.
Cons
- Record Requirements: Getting the best auto insurance rates with a $1,000 deductible requires an excellent driving record.
- Claim Filing Restrictions: Some claims can’t be filed online, even with a standard $1,000 deductible.
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#7 – Allstate: Best for Comprehensive Policies
Pros
- Safe Driver Rewards: Safe drivers can earn cash back each year while keeping their $1,000 deductible.
- Diminishing Deductible: Your deductible drops $100 every year you drive without accidents.
- New Car Protection: If you total your new car, Allstate will replace it and honor your $1,000 deductible. Read more about this provider in our Allstate auto insurance review.
Cons
- Initial Rate Concerns: Starting rates are higher than most other companies with $1,000 deductibles.
- Program Qualification: It takes longer to qualify for Allstate’s best deductible savings programs.
#8 – Travelers: Best for Green Vehicles
Pros
- Green Vehicle Rewards: Hybrid and electric automobile owners receive additional benefits with their $1,000 deductible protection.
- Early Quote Benefits: Early quotes can help you save money on your $1,000 deductible policy. Learn more by reading our review of Travelers Insurance.
- Mobile App Savings: Their mobile app reduces your rate without modifying your $1,000 deductible.
Cons
- Agent Availability: Finding a local agent to discuss your deductible options can be challenging.
- Record Requirements: You need perfect driving records to keep their best $1,000 deductible rates.
#9 – Liberty Mutual: Best for Teachers and Students
Pros
- Educator Benefits: Teachers get special savings on policies with $1,000 deductibles.
- Graduate Discounts: Recent college grads save extra on their $1,000 deductible coverage.
- App-Based Savings: As mentioned in our Liberty Mutual auto insurance review, its driving app helps you save while keeping your $1,000 deductible steady.
Cons
- Payment Rates: Monthly payments are higher than similar $1,000 deductible plans elsewhere.
- Coverage Flexibility: Once you pick your deductible, changing your coverage options is harder.
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#10 – Progressive: Best for Custom Pricing
Pros
- Custom Pricing Tool: Progressive’s Name Your Price tool allows you to balance your costs with a $1,000 deductible.
- Accident Protection: Minor accidents won’t be applied to your $1,000 deductible policy. Our complete Progressive auto insurance review goes over this in more detail.
- Safe Driver Trial: You can test the Progressive Snapshot usage-based driving program to save for your $1,000 deductible plan.
Cons
- Policy Clarity Issues: Understanding when you pay your deductible can be confusing with Progressive.
- Bundle Value Limitations: Bundling home and auto with a $1,000 deductible isn’t as good as other companies.
Compare Auto Insurance Costs With a $1,000 Deductible
Understanding costs is important in selecting auto insurance with a deductible of $1,000. Our comparison reveals that monthly premiums differ greatly across providers, and minimum coverage varies from $30 to $55.
Full Coverage Auto Insurance Monthly Rates With a $1,000 Deductible
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| $45 | $130 |
| $50 | $140 |
| $38 | $110 |
| $35 | $95 |
| $40 | $120 |
| $30 | $90 |
| $55 | $160 |
| $36 | $100 |
| $32 | $95 |
| $42 | $125 |
For a $1,000 deductible and full coverage, Geico is competitive at $90 per month, while Liberty Mutual charges $160.
The sweet spot for most drivers is finding an insurer that offers both a $1,000 deductible and strong discount programs.Michelle Robbins Licensed Insurance Agent
How deductibles affect auto insurance premiums is straightforward – typically, choosing a higher auto insurance deductible can reduce your premiums. Still, you’ll need to pay more out of pocket when filing a claim.
Companies like Erie Insurance and State Farm balance this trade-off with $95 monthly rates for full coverage. When comparing high vs. low deductibles, consider your savings buffer – while a $1,000 deductible lowers monthly costs, ensure you can comfortably cover this amount if needed.
How to Pick the Right Deductible for Your Car Insurance
Buying auto insurance with a $1,000 deductible will typically cost 10-20% less in premiums than for a $500 deductible. Whether a $1,000 deductible is a smart option for auto insurance depends on your emergency savings and driving record.
Read More: What is a good deductible for auto insurance?
All insurance companies like Geico have advanced deductible lowering plans that lower your $1,000 deductible over time. For $1,000 deductible full coverage, compare rates from top providers like Geico and Erie.
Your budget will decide if a $1,000 car insurance deductible is for you—it’s perfect if you can afford to dig into this sum in claims and have lower monthly premiums.
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How to Lower Your $1,000 Deductible Auto Insurance Premium
Finding affordable car insurance discounts can significantly reduce your $1,000 deductible premiums. Most major insurers offer various savings opportunities, with good driver discounts providing the highest potential savings at 30% across all providers.
$1,000 Deductible Auto Insurance Discounts From the Top Providers
| Company | Bundling | Good Driver | Low Mileage | Defensive Driving | Membership |
|---|---|---|---|---|---|
| 15% | 30% | 20% | 10% | 5% |
| 25% | 25% | 30% | 10% | 10% |
| 25% | 25% | 20% | 10% | 5% |
| 25% | 23% | 30% | 10% | 5% |
| 20% | 30% | 10% | 10% | 10% |
| 25% | 26% | 30% | 15% | 8% |
| 25% | 20% | 30% | 10% | 10% |
| 10% | 30% | 30% | 31% | 15% |
| 17% | 25% | 30% | 15% | 5% |
| 13% | 10% | 20% | 20% | 10% |
While companies like Geico, Allstate, and Travelers offer generous discounts of up to 30% for low-mileage drivers, AAA stands out by providing up to 25% savings for minimal annual driving. Most best companies for bundling auto and home insurance provide a 25% discount, except AAA at 15% and Progressive at 10%.
Defensive driving course completion can save 5-10%, and membership rewards range from 5-12%, with Geico offering the highest member benefits.
Choosing Your $1,000 Deductible Auto Insurance Provider
For the best auto insurance with a $1,000 deductible, Geico stands out with its yearly safe driver rewards that reduce your deductible and rates starting as low as $90 monthly. Erie Insurance impresses with its rate-lock guarantee, and Farmers provides discounts on auto insurance for different types of drivers.
When you bundle, you don’t have to pick 😉 #NFLDraft pic.twitter.com/LL0aBcY0Dm
— GEICO (@GEICO) April 27, 2023
When deciding what deductible to get for auto insurance, consider your monthly budget and emergency savings. A higher deductible means lower premiums but requires more out-of-pocket funds during claims.
To find affordable auto insurance rates in your area, compare quotes from multiple providers and ask about their deductible adjustment programs. Use our quote comparison tool to get fast and cheap auto insurance coverage today.
Frequently Asked Questions
Is $1,000 a high deductible?
A $1,000 deductible is considered moderate. While higher than the standard $500 option, it’s lower than maximum deductibles that can reach $2,500 or more with some insurers.
How much will you save if you take a $1,000 deductible?
Choosing a $1,000 deductible instead of $500 typically saves 10-20% on monthly premiums, with average savings ranging from $15-30 per month.
Will raising my deductible lower my car insurance?
Yes, increasing your deductible will lower your monthly premium. Our data shows moving from $500 to $1,000 can reduce your insurance costs by 10-20%. If you’re just looking for coverage to drive legally, enter your ZIP code to compare cheap auto insurance quotes near you.
Is a credit score check required to get auto insurance?
Most insurers check your auto insurance and credit scores in states where it’s legal. However, some companies offer no-credit-check policies, though these typically come with higher premiums.
Why is it not a great idea to have a high deductible?
High deductibles require more out-of-pocket expenses when filing a claim. A lower deductible might be safer if you can’t easily access $1,000 in an emergency.
What deductible is too high?
A deductible that exceeds what you could comfortably pay in an emergency is too high. For most drivers, deductibles above $2,000 can be risky.
Is it better to have a $500 deductible or $1,000?
The choice depends on your savings and risk tolerance. A $1,000 deductible lowers monthly premiums but requires more out-of-pocket expenses when filing claims.
Can I negotiate a deductible?
While you can’t negotiate the deductible amount itself, you can discuss deductible reduction programs with insurers like Geico’s safe driver rewards or Erie’s vanishing deductible.
What is the disadvantage of having a higher deductible?
The main drawback is paying more out-of-pocket when filing a claim. With a $1,000 deductible, you’ll need readily available funds to cover repairs.
What is a good deductible?
A good deductible balances affordable monthly premiums with manageable out-of-pocket costs. For most drivers, $500-$1,000 provides this balance while maintaining coverage. Enter your ZIP code into our free quote tool to find the best auto insurance providers for your needs and budget.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.