Combining home and auto insurance is a well-known method of battling the rising cost of insurance premiums. Depending on who you ask and what resource is quoted, estimates of savings can range upwards of 15 to 30 percent. But it’s not just monetary savings that’s causing many to start bundling their home and auto insurance policies together.
Additional perks ranging from accident forgiveness to discounts for automatic bank withdrawal of premiums are also causing cost conscious customers to make the move. However, it’s the idea of a centralized control—and the vastly improved customer service that results from that centralization—that’s making the biggest difference.
Insurance customers these days are demanding better service from their providers, and the idea of being able to have a single point of contact for all of their insurance needs has become a major selling point for those who previously had to deal with two separate entities for their auto and home insurance needs.
Meanwhile, as the uncertain economy is driving everyone to creative lengths to pinch pennies, the continuous advice of experts and high profile consumer advocates is having a significant impact in the number consumers combining home and auto insurance. As always, experts recommend that insurance shoppers interested in saving as much money as possible compare insurance quotes on a yearly basis—and even more are strongly urging consumers to make the switch if it’ll save them a few dollars a month, even if it means having to end long term relationships with insurance providers.
Do Wood Burners Change your Home Insurance Premiums?
If you install a wood burner or wood stove in your home, your homeowners insurance policy may need to be updated to comply with state insurance regulations. Laws vary from state to state, and it wo...
Read More →
What is the Difference between Named Perils and Open Perils on your Insurance Policy?
While comparison shopping for insurance, you will encounter two different types of policies: named perils and open perils policies. Understanding the difference between the two insurance policies w...
Read More →
Does Insuring an Older Home Increase my Insurance Premium?
One of the variables that can affect home insurance premium amounts is that of an older home. Homeowners who take advantage of the ability to compare rates online can get personalized quotes for th...
Read More →