If you don’t have your home and auto insurance with the same company, you could be making a big mistake. The truth is, if you’re able to combine your insurance policies, it’s almost always your best option. You probably already know that combining your home and auto insurance can save you money. However, the benefits of bundling go far beyond just saving a few bucks every month on your insurance bill. Let’s take a look at the top three reasons why you should combine your home and auto insurance with the same company.
Insurance claims can be frustrating and time-consuming. Having your home and auto insurance with different companies could make the claims experience even more challenging for you.
Let’s say your car is broken into, and the thief makes off with your $2500 MacBook you had on the front seat. Well’ you may be thinking, no big deal. My car was broken into, so I’ll just call my car insurance company, right? Wrong. If you want to be reimbursed for you MacBook, then you’ll also need to contact your home insurance company. You see, while car insurance protects you and your vehicle, it does not offer any coverage for your personal belongings. This is where you need a property insurance policy, like home, condo, or tenant insurance. Your property insurance policy will cover your belongings while they’re in your home, or temporarily removed.
In this case, if your home and auto are with different companies, you would be looking at two separate insurance claims. One for your car to repair any damage caused when the thief broke into your vehicle. Plus, a property insurance claim to replace your MacBook. So, what started as a simple claim can quickly turn into a nightmare! Now, you have to contact two companies, file two claims, and pay two deductibles. That doesn’t sound like too much fun.
However, insuring your home and auto with the same company you can help you avoid all of these potential headaches. Firstly, you would only need to make one call, and file one claim. Plus, with most companies you would also only pay one deductible. Now, that sounds a lot less stressful, doesn’t it?
Having all of your insurance policies with one company is certainly more convenient. Eliminating the need to communicate with multiple insurance brokers will save you valuable time and wasted effort. Plus, when you have one dedicated broker who handles all your insurance needs, that broker will get to know you better. This will allow them to provide you with the best service, coverage, and discounts available for your unique situation.
Managing your policy and payments is also easier and more flexible when you combine policies. When you bundle your insurance, you’ll essentially have one policy. This means you’ll only have one renewal date and one payment. Plus, if you pay monthly you can even pick the day you want that payment to be applied each month. Let’s be honest, nobody wants to think about their insurance more than they need to. By putting all your policies together with one insurance company, managing your insurance will be a lot more convenient, and take a lot less of your valuable time.
Okay, we mentioned this earlier, but it’s a big one so we need to take a deeper look. We’re always looking for ways to reduce our monthly bills. The truth is, combining your home and auto is one of the easiest ways to save money on your insurance. When you bundle your car and home insurance you’ll get a discount on both policies. Obviously the amount will vary based on the company you choose, but it can equal savings between 10- 20% on each policy. In addition, when you insure more than one car on the same policy, you’ll get an even bigger discount.
In all, bundling your insurance makes sense for a lot of reasons. Having your home and auto policies together with the same company will offer extra discounts, flexible payments, added convenience, and an overall better insurance experience. So, when your policies are up for renewal, consider combining your auto and home insurance; it really is your best choice.