As you shop around for insurance, most people want to save money for their monthly budget. Because they are scouting for the lowest individual price, sometimes shoppers can end up with three different insurance carriers, and three different premiums.
Did you know you can reduce your monthly budget by bundling your insurance?
This is a money-saving tactic that can occasionally be overlooked; however, it is quite easy to accomplish. When you bundle your insurance policies, you choose to drop the other firms and go with just one company for all of your insurance needs. To earn your business as your sole insurance provider, the insurance company is willing to take less profit on the extra lines of insurance coverage you add with them because they will be receiving more of the total insurance premiums you pay during the year.
So the question is if it is right for you to bundle or keep it separated. If you have only one car to insure, then bundling is probably not for you since you only need one insurance policy. But if you own a home, have a car, need life insurance, or want to add your newly licensed teenager’s car to your policy, then you can look into bundling as a way to save money.
According to AutoInsurance.org, the amount that is saved by bundling your policies will often depend on how many policies are actually bundled. The rate for your auto insurance policy may actually be higher than another company, but by bundling your home and auto insurance together, it could actually create a larger discount on your homeowner’s policy, thus creating a lower overall cost to you.
As a multiple insurance provider, we pride ourselves on finding the best company that will suit both your financial and coverage needs. Ask our insurance specialists today if bundling your policies under one company is the right move for you and your budget.
The information in this article was obtained from various sources. This content is offered for educational purposes only and does not represent contractual agreements, nor is it intended to replace manuals or instructions provided by the manufacturer or the advice of a qualified professional. The definitions, terms and coverage in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.
