Whether it is home, health, life, or car insurance, the monthly premiums we pay takes a big bite out of our pay checks. It seems as though that much of our income is now being spent on insurance. As well, we often end up with many different insurance providers which can be frustrating and confusing. Realizing how complicated and annoying it can be to have many insurance providers as well as the costs of paying so many premiums, insurance companies have come up with practical ways for consumers to lower their insurance costs. One way to cut down on the number of providers and save money is to combine your auto insurance and home insurance into one policy.
For most people, at some point in life, they will own both a vehicle and a home at the same time. Combining home and auto insurance from one insurer will reduce the amount people pay on their monthly premiums for each type of insurance. Often they can save hundreds and even thousands of dollars a year. Many insurance experts estimate that consumers can save between 15% - 20% on their insurance costs when they combine their auto and home policies.
Most insurance providers now provide discounts to customers who buy both home and auto insurance together from their company. Not only will home insurance provide coverage for the home according to the details outlined in the policy, but a homeowner will also have auto coverage for their vehicle. Depending on their policy, this can include collision, liability, comprehensive...etc.
Another great benefit of combining of combining auto and home insurance policies is you will only have one deductible to pay. When you have individual insurance policies, having more than one deductible can really add up. For instance, you could have a home insurance deductible of $1000.00 and a car insurance deductible for $500.00. With one insurance package, you will have one cheaper deductible to pay in the event you have to make a claim.
The best way to get inexpensive home and auto insurance is to comparison shop using an online comparison quote tool. There are insurance resource sites that allow users to request quotes from several different insurance providers. It is a fast and easy way to find the cheapest home and auto insurance
policy. However, it is important not to sacrifice essential coverage to save money. When you search for insurance online, you will not have to worry about obligations or high pressure sales tactics.
If you have a vehicle and home, you need to make sure you are protected by having the right amount of insurance. Unfortunately, with so many different insurance policies available, it has become quite expensive to get all of the essential insurance from a variety of different providers. As well, the economy is still unstable so most people are still sticking to their tight budgets. Combining your home and auto insurance policy is one way to cut down on your insurance costs and put more money back in your wallet.
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