Buying Multiple Policies From Same Insurer Might Save You Extra Money
These is of the ways of reducing your overall premium costs. However, it is an area you need to do a little bit of math and compare the advantages and disadvantages. When a company is highly competitive on one insurance area it does not guarantee that they will be able to offer equally attractive rates in others. Then there are other considerations as well before you get convinced.
Nowadays many auto insurance companies do home insurance and sell roadside recovery. They naturally want to make the most of their client base by selling them as many products as they can. They realize that you would not just take the other coverage from them just because you want to keep all your policies in one place.
Simply they need to make it attractive for you to switch to them by giving you discounts. Considering that they would have to spend some money to gain new customers either as advertising cost or broker commissions, they can easily offer you reductions as much as those costs. That is the whole idea behind offering lower home or other type of insurance at a discount.
So either you could ask your car insurer if they would quote for your home insurance as well or vice versa. This way you could extend the benefits of finding a great low cost insurance provider. However, you should not do it for the sake of putting all your policies together for administration purposes.
You have to keep in mind that really great premiums are offered mainly by the firms who are specialized in one area. Many of them are not only specialized in one type of insurance but within that category too like student or older driver coverage. For that reason it could be cheaper to keep different companies for each line.
Additionally, you should keep in mind that in case of a claim you could get a better service from pure auto or home insurance provider as opposed to jack of all trades type firm. Although most companies are quite large to be able to handle several lines of businesses, small firms could offer extra value because they have concentrated and accumulated expertise in one field.
Really you should not make any assumptions before you get your quotes in. Then, just compare them and make an informed decision. Maybe you should not switch from a company you are satisfied with unless you get very attractive quotes from equally reputable firms.
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