How Much Can You Really Save by Bundling Home & Auto Insurance

An idea you can implement that will save you money is bundling home and auto insurance. But how much can this save you on average? With a good plan, you could save as much as 15% on auto insurance if you bundle with home insurance. For example, with a car that requires $130.75 every month for insurance, you may end up paying $117.75 a month for both and save $13 by just bundling this coverage with your home insurance. This on average amounts to 10% savings and could rise to about $200 a year.

Note that the amount you would get from the example above is dependent on the region you come from, so it could be higher or lower in different cases. This idea is especially ideal for entrepreneurs who would like to minimize expenditure by including their vehicles in the insurance bundle. For entrepreneurs in Canada and Ontario, you can see the direct result of the price difference by visiting Mychoicecarinsurance.ca, getting a quote, and clicking the option of bundling your home and auto insurance. There are also other factors like your driving record that would affect these calculations.

What are the pros of bundling home and auto insurance?

There are benefits you will enjoy when you bundle your home and auto insurance as shown below:

Discounts

The biggest benefit of bundling your home and auto insurance is the discount that you get as shown earlier. Some people save as much as 20%, which is a big amount when you consider the cumulative sum saved at the end of the year. Instead of directly buying both, you could put them together and get the discount. You basically make savings on your car insurance.

Convenience

It’s also convenient to pay one lump sum instead of different remittances. With multiple products, you increase the hassles and you could get frustrated by the process of having to remember to settle each separately. Bundling insurance products is a good way to avoid stressful procedures of making several settlements, and when you have questions you can talk to one representative.

Tips for getting a bigger discount

You could improve the discount payment by pursuing some ideas that will help to eliminate different costs. Here are some suggestions you should try to get a bigger discount.

Consider different types of quotes

Consult independent agents who deal with insurance policies from different companies and ‘captive agents’ who sell one company’s insurance. You may get different offers from each and sometimes you will be lucky to find a cheaper option.

Consider all aspects of the plan

While you could find a perfect discount, you should not forget other aspects of the plan that are necessary. This includes the flexibility you get by your local mechanic for filing the auto insurance claim.

It’s a good idea to consider bundling your auto and home insurance products. This is the best way to save while paying insurance premiums, and sometimes you will find that it saves you as high as 15% each month. Hook up with agents and compare products to see which company offers you an attractive offer that can save you the most.

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