Dear valued customers, as you must all be aware of COVID-19 and the strict protocols which have been implemented nationally, it is important that we continue to provide facilities to look after our current and prospective customers needs. Effective March 18th, 2020, My Insurance Broker closed its corporate offices and has since had all members of its staff and broker partners working from home. Although we maintain a few members of our team to continue to maintain administration functions, our doors continue to be temporarily closed to the public. We can however maintain all your queries through one of our secure alternative channels. Existing Clients: Please call us on our toll-free line or contact your broker directly. Our blog is constantly being updated and will have more information on ways to manage your policy, changes, and requests from the comfort of your home. Check back for this information and other useful tips while managing COVID-19 soon. New/Prospective Clients: Shopping has never been easier through our Online Quoter. Please complete your details online and one of our insurance specialists will contact you to discuss your coverage and premium. All of our agents are equipped to bind coverage over the phone so we’ve got you covered. No paper, no complicated emails or forms. One calls and have your policy in place over the phone! x

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November 15, 2016  •   1 minute read

Increased Deductible Discount

Auto Insurance Discounts Expained

How can increasing my deductible lower my car insurance premium?

If you increase your deductible, you may be able to lower your premium and save on your car insurance. By increasing the deductible, you assume more of the risk of payout in the event of a claim and reduce the overall amount an insurance company has to pay out. This option must be considered as a last resort however, and bear in mind that you must be able to afford the deductible at the time of a loss. Contact a My Insurance Broker adviser today to learn more.

How much can I save on insurance with a higher deductible?

The amount you can save on a higher deductible insurance plan depends on the amount of your deductible. The higher your deductible, the lower your premium, however this discount option is usually a last resort to lower premiums. Ensure you can afford the deductible at the time of a claim/property loss or unemployment. Talk to your broker today. Usually, deductibles are given to clients based on affordability, with 3 – 15% off in savings.

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