Diminishing Deductible

Diminishing Deductible from Elephant

Save up to $500 on your deductible when you enroll.

Our diminishing deductible program helps reduce your out-of-pocket expenses if you make a claim. Also, with our no-reset guarantee, your collision deductible won’t reset when you have an accident.

Get a quote with Diminishing Deductible


What sets us apart?

With Elephant, we give you $100 off your deductible on day 1. And unlike other insurers, Elephant won’t reset your deductible to the full amount just because you have one accident.

Here’s how Diminishing Deductible works for a customer who has a policy with Elephant for 5 years and has no accidents:

Elephant Other insurance companies*
Deductible on Day 1 $400 $500
Years of safe driving 5 5
Deductible before accident $0 $0
Deductible after 1st accident $0 $500

Other companies take away up to $500 worth of good driving credit because of one accident. At Elephant, you never lose your earned credit!


How do I get it?

Simply call 1-855-ELEPHANT or start a quote online, and choose diminishing deductible coverage. It’s simple and your first $100 reduction will go into effect on day 1. For current Elephant policyholders, you may add Diminishing Deductible at policy renewal.

Diminishing Deductible FAQs

How does Diminishing Deductible work?

Diminishing Deductible is an optional feature. When you sign up for Diminishing Deductible, you can earn $100 off your collision deductible for each year of safe driving (with no accidents), for a credit of up to $500. Why not be rewarded for simply being a safe driver?

Will I get a reduction immediately when I sign up?

Yes. Regardless of prior accident history, you will receive a $100 reduction.

What happens if I get in an accident? Will I lose my current credit?

If you have an accident during the current term, your deductible will stay at its current amount (unlike the other insurers) for the next policy period. You will be eligible for another reduction at the beginning of the next year you are accident-free.

Can I get this on only one vehicle or do I have to have it on all vehicles?

To ensure you are equally protected on all vehicles you own, Diminishing Deductible applies to all vehicles that have collision coverage.

If I am an existing customer, can I add the coverage mid-term?

No, current customers have the option to add this coverage at policy renewal.

I already have a policy with Elephant and have Diminishing Deductible, if I purchase another vehicle, can I add the coverage to that second vehicle?

Yes. Since you were previously enrolled, the newly added vehicle will qualify for the same dollar amount of savings acquired on the vehicle previously listed on the policy.

*Diminishing Deductible is an optional policy feature subject to eligibility requirements.  The above FAQs are for information only.  For complete details, please contact a licensed Elephant agent.  References to similar products are not specific to any one competitor and features vary among insurers.