Is it a good idea to insure my home and car with the same insurance company?

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Bundling insurance policies with the same insurance company is a great way to save money on your insurance premiums. Depending on your insurance company, bundling home insurance with car insurance can save you up to 20% on protection rates.

Combine Auto Insurance and Homeowners Insurance

As with any insurance policy, be sure, before settling on one insurance company, to shop around. You can easily compare quotes from a long list of providers online. The more insurance rates you compare, the better your chances of finding a quote that fits your budget.

Or, if you already have existing home and car insurance, but with two different providers, call each insurance agent and inquire about bundling packages. After receiving quotes from both, study them carefully. Make sure that the policy and liability limits fit your needs. Also look into if either quote provides possible umbrella coverage, which could save you even more money.

After settling on one company, you'll need to notify the other insurance company of your decision to cancel your current policy. Some companies may charge a substantial cancellation fee. If so, consider waiting to cancel once the policy expires.

In addition to saving money, bundling insurance also provides for easier billing. Instead of receiving several bills scattered throughout a calendar year, you'll only have one deductible to pay.

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