According to a report from the Insurance Information Institute, consumers can save as much as 15 percent on their premiums by combining home and auto insurance with one insurance company. For many consumers facing steep insurance premiums each month, this means they can save hundreds of dollars a year by bundling their policies into one company without sacrificing any coverage on their home or auto insurance at all.
And savings aren’t the only reason to work with only one insurance company: the convenience of only having to deal with one company is attractive to many consumers, too. Most insurance companies will bill their customers once a month for all of their premiums, which means less paperwork and less hassle.
Insurance companies offer discounts for combining home and auto insurance simply because they want the business. The more policies a customer holds, the more likely he is to stay with the company.
Compare Insurance Quotes for the Best Coverage
This doesn’t mean that consumers should simply purchase the cheapest combined policy they find. There’s nothing more critical than good insurance coverage and good service. Consumers should be able to trust that their insurers handle claims efficiently and effectively, and that all of their questions and concerns will be responded to in a professional manner. A bit of research will reveal how effective an insurance company is and how customers rate it. After that, consumers can use easy online comparison sites to compare insurance quotes from those companies that pass muster.
Does Having a Trampoline or Pool Increase My Home Insurance Cost?
Before you put in a swimming pool or purchase a trampoline for your children, consider the additional cost to your home insurance rates. Coverage for a house that already has a pool is much higher ...
Read More →
How does the Insurance Company Determine the Cost of Each Driver on My Policy?
Thanks to online comparison tools, car owners looking for the best auto insurance coverage can look at competing quotes from a range of insurance companies. Many wonder how a company determines the...
Read More →
Tips on Staying Sane During the Insurance Claim Process
Combining home and auto insurance is a great way to save money, and it can also save you a bit of sanity— especially when it comes time to pay the monthly bill. But all of that peace of mind ...
Read More →