Here in Texas, we enjoy our beautiful sunny weather, and we’re happy that winter is over! Beautiful weather often means outdoor activities and more driving. As you spend more time in your vehicle, could you be saving money as well? This week we’ll discuss several savvy ways you could save on your auto insurance premium.
Your Rate May Increase Unnoticed
Some drivers don’t know that rates on their auto policies increase over time. Over a period of years, this could amount to hundreds of dollars a year. Have you missed a chance to receive a better rate, or any valuable discounts?
Save a Bundle with Bundling
You may know that bundling your auto and homeowners plans with the same insurance company can save you money. You could save up to 20% with a multi-policy discount, and enjoy the added convenience of having less paperwork.
Many companies also offer additional discounts, including anti-theft, good driver, and student driver policy options. You can also enjoy the exclusive TMA member discount by working with TMA Insurance Trust for your auto insurance.
Should you Increase Your Deductible?
If you want to lower your premiums, you may consider raising your comprehensive and collision deductibles. There are pros and cons to this strategy. Taking a higher deductible could work to your benefit if you’re a good driver and haven’t had any claims for several years.
For example, let’s say you increase your deductible from $500 to $1,000. This means you assume more risk; therefore your yearly premium will decrease. If your car is damaged for any reason and the repair work costs $3,000, the insurance company would pay $2,000. On the other hand, if the damage to your car was minimal and the body shop only charged $700, you would absorb that cost.
Ready to Find Out if You Can Save?
TMA Insurance Trust has made the shopping process easier than ever. With just a few minutes at MyLifeProtected, available through the TMA Insurance Trust website, you can compare your current premium to the best rates in your area and get a quote - without having to speak with an agent. If you do want personal assistance, you can contact an agent to develop a quote for you by calling 877-755-9576. Whatever your personal preference, TMA Insurance Trust has made it quick and easy to find out how much you can save this summer!
For over 60 years, TMA Insurance Trust advisors have been serving Texas physicians, their families and staff. TMA Insurance Trust prides itself on offering unbiased information and strategies to members, along with exclusive group rates on a range of the highest-rated plans in the industry.