Insurance can be confusing and we at Thompson Insurance Services, serving Highland Village, TX, understand that. It’s why we go above and beyond to make sure that your questions get answered. Here are some of the most frequently asked questions we get on auto policies.

What is a deductible?

A deductible is an amount you’ll pay out of pocket for a claim before the insurance money kicks in. The higher this deductible is, the lower your monthly premiums will be and vice versa.

Does my car affect my insurance rate?

There are several variables that go into insurance rate such as age and experience of the driver and how long they’ve been insured previously, but the auto does factor into the premium too. It’s a mix of statistics on how often that type of car is stolen and how expensive it is to repair or replace. If this is a concern, we can discuss what cars typically have a lesser premium.

How much insurance do I need?

While the majority of states have a minimum amount of insurance that is required, it’s beneficial to have enough insurance to cover the replacement value, plus possible medical bills resulting from an accident. We can run the numbers and let you know what is a good starting point for your coverage so that you are never left in the dark on what is right for your situation.

Why do premium amounts change?

There are several factors that can affect the premium such as inflation, auto repair costs, etc. If you’ve had claims in the past it can cause a short-term increase in premiums. We’ll always try to get you the best premium price possible and go over ways to help reduce your cost.

What car is the safest?

Cars are safest when you are driving safe and your car is equipped with safety features such as stability control, airbags, and anti-lock brakes. These features help the car as much as being proactive in driving helps the driver. Drivers that don’t text and keep their attention on the road are always the safety feature that will transfer to whatever car they drive.

At Thompson Insurance Services we serve the Highland Village, TX area with pride. We want to be your go-to agency when you need coverage and will go that extra mile to make sure you understand everything about your policy. Call or come by today to see what we can do for you.