--- title: What’s the Secret to Saving Money on Auto and Homeowners Insurance? description: Are you paying to much for auto and homeowners insurance? Learn how you can save money on your Insurance needs today! image: https://www.tmait.org/hubfs/September_2016/Sept_Family.jpg --- - [800-880-8181](tel:800-880-8181) - [CONTACT US](https://www.tmait.org/contact) - [SELF-SERVICE PORTAL](https://tmait.aebsys.com/#/) [![](https://www.tmait.org/hs-fs/hubfs/TMA%20Insurance%20March%202019/Image/logo.png?width=197&name=logo.png)](https://www.tmait.org/) Topics All Accident Insurance Accidental Death and Dismemberment Auto & Home Insurance Auto Insurance Business of Medicine Business Overhead Expense Insurance Comparing Insurance Providers COVID-19 FAQs Critical Illness Insurance Dental Insurance Disability Insurance Employed Physicians Family Featured Financial Advice Group Benefits Group Coverage Health Insurance Homeowners Insurance HSA Independent Contractor Independent Physician Individual Coverage Insurance For Good Insurance for Women Insurance Review Key Person Insurance Life Events Life Insurance Locum Tenens Medevac Insurance Medical Insurance Medical Practice Medicare Medicare Part D Medicare Supplement Medigap Nearing Retirement Office Overhead Expense Insurance Open Enrollment Personal Umbrella Insurance Pet Insurance Practice Management Practice Managers Practice Owners Prescription Drug Coverage Renters Insurance Residents Retired Physicians Retirement Short Term Disability Short-Term Medical Insurance Supplemental Hospital Indemnity Insurance Term Life Insurance Travel Insurance Vision Insurance Women Physicians Young Physicans Young Physicians ![](https://www.tmait.org/hubfs/September_2016/Sept_Family.jpg) [Homeowners Insurance](https://www.tmait.org/blog/topic/homeowners-insurance) # What’s the Secret to Saving Money on Auto and Homeowners Insurance? 29 September 2018 Many consumers may not be aware that rates on some auto and homeowners policies increase over time. Over a period of years, this could amount to hundreds of dollars a year, along with missed opportunities for receiving valuable discounts. ## Compare and save. Before you pay next month’s premiums, it would be worth it to review your policies, compare rates and think about making a change. You could be missing out on a host of savvy ways to save money, including: switching insurance companies for better deals and packages, combining policies for multi-policy discounts, and adding different coverage options for extra protection and discounts. It’s easier than you think to compare plans for maximum discounts. In addition, you’re eligible for affordable rates on auto, homeowners and renters insurance plans now offered and endorsed by the TMA. [![Have questions about your insurance needs? We're here to help - click here or call today](https://no-cache.hubspot.com/cta/default/400074/c4f02e1a-fca9-4f97-8a1d-4cccb42c931a.png)](https://cta-redirect.hubspot.com/cta/redirect/400074/c4f02e1a-fca9-4f97-8a1d-4cccb42c931a)[***877-755-9576***](tel:877-755-9576) ## To bundle or not to bundle? To avoid overpaying on separate policies, bundling auto and homeowners plans with the same insurance company can save you time and money. You can save up to 20% with a multi-policy discount with the added convenience of one bill and less paperwork. Many companies also offer additional discounts to reduce costs, including anti-theft, good driver and student driver policy options. ## Can higher deductibles save you money? Another strategy is to raise your comprehensive and collision deductibles to lower premiums. Yet there are pros and cons. 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. Yet on the other hand, if the damage to your car was minimal and the body shop only charged $700, you’d be absorbing that cost. ## Do you have enough liability protection? As a physician, you may require more protection if you have considerable assets now or in the future. For instance, if you’re in an auto accident or someone slips and falls in your home, you may be sued for more than the amount covered by your auto or homeowners liability clause. A $100,000 lawsuit could easily become $1,000,000. An umbrella liability policy is designed to provide another layer of protection, over and above your auto and homeowner policies, to safeguard your family’s finances and possibly your practice from the risk of excessive lawsuits. ## A Quick Quote can get you started saving right now. Change is good; especially when you’re taking advantage of industry discounts and bundling opportunities you're entitled to. Take a few moments to compare the quality plans sponsored by your Association, including Progressive, Travelers, MetLife and Safeco. It's easy to get a quote. [![New Call-to-action](https://no-cache.hubspot.com/cta/default/400074/63baf138-352a-403c-8667-1df85c271f3a.png)](https://cta-redirect.hubspot.com/cta/redirect/400074/63baf138-352a-403c-8667-1df85c271f3a) 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. ** [ Homeowners Insurance ](https://www.tmait.org/blog/topic/homeowners-insurance) ** [Auto Insurance](https://www.tmait.org/blog/topic/auto-insurance) [**Previous Entries](https://www.tmait.org/blog/what-if-you-had-a-personal-advisor-to-help-you-with-medicare) [Next Entries**](https://www.tmait.org/blog/do-you-know-the-hidden-costs-of-short-term-health-insurance) ## Recommended Posts ### [Resolve to Save More on Auto and Home Insurance](https://www.tmait.org/blog/resolve-to-save-more-on-auto-and-home-insurance) ### [Winterize Your Coverage: Review Your Auto and Home Insurance](https://www.tmait.org/blog/winterize-your-coverage-review-your-auto-and-home-insurance) ### [New Year, New Savings: Lower Your Auto & Home Insurance Costs](https://www.tmait.org/blog/new-year-new-savings-lower-your-auto-home-insurance-costs) ### [Navigating Storms: Secure Savings on Your Home and Auto Insurance](https://www.tmait.org/blog/navigating-storms-secure-savings-on-your-home-and-auto-insurance) ### [New Year, New Savings - 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