Should You Bundle Your Home and Auto Insurance?
Life is full of insurance options. From health and dental insurance to life and travel, there’s no shortage of things to cover.
And quite frankly, most insurance is a good idea. We live in an unpredictable world. Sure, you never think your home will be destroyed in a hurricane, but neither does the guy across town who had his home destroyed last year.
We need to be insured. Luckily, there are many insurance services available to save money and streamline our monthly bills.
For example, you can bundle your home and car insurance services together, which should save you money if you have the right insurance provider.
Wondering if bundling your home and auto insurance makes sense? Want to know what else you can bundle together, too? Keep reading to find out.
Benefits of Bundling Home and Auto Insurance
Most insurance providers will offer you the option of bundling the most common services; home and auto. They would rather give you a discount on both auto and home insurance services rather than you purchasing individual policies with other providers.
This competition in the insurance industry is beneficial to us as consumers. We all want to save money, right? Here are a few reasons to bundle up.
Save on Monthly Premiums
The main reason to bundle home and auto insurance services together is to save money. Purchasing multiple policies together from a single provider can save you as much as 25% on your premiums.
That could be a decent amount of money each month. Use that money to save up for a home, your next vacation, or to invest in a life insurance policy.
Streamlined Policy Management
When you purchase combined insurance services, you get to manage them all from one location. This saves you time and frustration of having to log in to different websites, deal with different customer service people, and so on.
Your provider may combine the 2 payments into 1, or keep them as 2 separate payments. Either way, at least they are easy to keep track of.
A More Valuable Customer
Nobody wants to feel like they are an unimportant customer. But the fact of commerce is that those who buy more from a company will always be more important.
This may mean that those who bundle insurance policies enjoy lower rates, or they experience faster, more helpful customer service. They may also be less likely to get dropped from coverage for various reasons.
Best Insurance Services to Bundle Together
Purchasing a home and auto insurance bundle is one of the best ways to save money each month. But there are other types of insurance policies you can bundle.
Piling more policies on your bundle can likely increase the overall savings. You can often bundle coverage such as RV insurance, motorcycle insurance, boat insurance, and more.
You can sometimes even bundle up your life insurance policy. For some providers, this can offer the biggest discounts.
Save Time and Money With Bundled Insurance Services
As you can see, insurance providers are eager to earn your loyalty. They will reward you greatly with discounts when you bundle your insurance services together.
Whenever you are shopping around, be sure to get quotes on bundles and individual policies so you can compare rates.
Looking for more insurance and financial advice? Be sure to visit our blog to learn more.