4 Benefits of Bundling your Home and Auto Insurance
Since we often purchase homes, vehicles, and other property at different times, we also tend to accumulate separate insurance policies (often with different companies and/or brokers). Not only can this be inconvenient, but it can also be difficult to remember what is insured where and with whom. Bundling your policies under one provider could help avoid these challenges!
Bundling your insurance simply means instead of using various insurance companies for different needs, you combine everything together under one insurance provider.
For example, if you purchase an insurance policy for your home, car, and motorcycle from one insurance company instead of mixing your various policies between providers, you would be bundling your insurance policies.
Everyone’s situation is unique and requires their own specific combination of coverage. Policy bundles are flexible and can easily be amended.
Insure your home, car, motorcycle, or recreational vehicle.
Insure two or more vehicles on the same policy for a multi-vehicle discount.
Bundling your car and motorcycle can get you a lower rate.
This is often more affordable as part of a bundled package.
Defining the average insurance cost for a home and auto policy is difficult, as there are many factors to consider. These include the property location, type of vehicle, claims and driving history, property and vehicle usage, eligible discounts, and more.
Before deciding on whether or not you should bundle your insurance, ask your Insurance Broker to compare the total price of the two most cost-effective individual policies to the price of the most cost-effective bundled one. When doing so, make sure that they are comparing policies that provide similar limits and types of coverage.
Owning assets such as a home and car warrant purchasing an insurance policy. You may want to consider getting a quote to bundle them together to see if it can help reduce your insurance premiums, especially if you also have other assets insured such as motorcycle, trailers, ATV, watercraft, or a travel insurance policy. Contact us today to learn more about how bundling your insurance policies could benefit you!
The Costen Insurance Team