If you're a homeowner or have a car, you already know that having home and auto insurance is a must to protect your property against claims for damage or liability. In fact, you probably couldn't even borrow the money to buy your home or care unless you showed proof of insurance. But like everyone else, you bought your home insurance policy when you purchased your home and the same for your car.
Once you've closed on your home or car loan, you probably never really looked at your home and auto insurance policies again. If you're lucky, you'll never need to look and will probably continue to pay the monthly premium for as long as you own your house or car. You'll probably complain about the rising premiums each year, but just shrug it off as a sign of the times.
It's a fact that most people will not bother to comparison shop for insurance after they've made the initial purchase. The line of thinking is that insurance is a necessary evil that you have to keep paying and there's not much that can be done about it. The truth of the matter is that hardly anyone considers combining home and auto insurance purchases with the same company. This is a mistake since doing so can represent substantial savings in premiums.
The ability to bundle together your home and auto insurance and save big time is not something that most insurance agents would want to share with clients. The downside to them is obvious: reduced commissions since the premiums are typically much lower. This requires you to actively pursue this option with your agent or insurance company.
The best way to determine if you can get a better deal by switching your home and auto insurance to the same company is to call your current insurance companies and ask them for a quote on the coverages you are seeking. The worst they can say, is that they don't have that type of coverage. Chances are though, you can get still get a small reduction in premiums if you are a homeowner.
It's a good idea to investigate some of the online insurance comparison services that are out there. Simply by filling out a questionnaire and providing information about your car and home, you can easily find out the best rates available in your area. By comparing the different rates, you are in a better position to obtain a home and auto insurance policy that be far cheaper than your current policies.
The most attractive aspect of researching rates using an online rate comparison service is that you can manipulate the variables to get a better idea of what coverages you can expect at what rates for different companies. This is particularly useful if you are considering things like installing an in-home alarm system or are considering purchasing a second car. In addition, you can input different deductibles to get an idea of the savings in premiums. Taking the time to perform this little exercise can result in savings for years to come.
Once you've closed on your home or car loan, you probably never really looked at your home and auto insurance policies again. If you're lucky, you'll never need to look and will probably continue to pay the monthly premium for as long as you own your house or car. You'll probably complain about the rising premiums each year, but just shrug it off as a sign of the times.
It's a fact that most people will not bother to comparison shop for insurance after they've made the initial purchase. The line of thinking is that insurance is a necessary evil that you have to keep paying and there's not much that can be done about it. The truth of the matter is that hardly anyone considers combining home and auto insurance purchases with the same company. This is a mistake since doing so can represent substantial savings in premiums.
The ability to bundle together your home and auto insurance and save big time is not something that most insurance agents would want to share with clients. The downside to them is obvious: reduced commissions since the premiums are typically much lower. This requires you to actively pursue this option with your agent or insurance company.
The best way to determine if you can get a better deal by switching your home and auto insurance to the same company is to call your current insurance companies and ask them for a quote on the coverages you are seeking. The worst they can say, is that they don't have that type of coverage. Chances are though, you can get still get a small reduction in premiums if you are a homeowner.
It's a good idea to investigate some of the online insurance comparison services that are out there. Simply by filling out a questionnaire and providing information about your car and home, you can easily find out the best rates available in your area. By comparing the different rates, you are in a better position to obtain a home and auto insurance policy that be far cheaper than your current policies.
The most attractive aspect of researching rates using an online rate comparison service is that you can manipulate the variables to get a better idea of what coverages you can expect at what rates for different companies. This is particularly useful if you are considering things like installing an in-home alarm system or are considering purchasing a second car. In addition, you can input different deductibles to get an idea of the savings in premiums. Taking the time to perform this little exercise can result in savings for years to come.
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