It does matter how prudent one is, sometimes our monthly expenses takes off a great chunk from our resources. One of the things that consume part of this chunk is our insurance premium. For some of you live in cities like Massachusetts, where health and auto insurance is compulsory, one will imagine how much that will be annually on premium. Because of our lean resources, the best way is to explore ways to cut cost while still maintaining quality insurance coverage. One of such ways is purchasing a combined home and auto insurance policy.
Most consumers put themselves under stress having more than one insurance provider on their heels every month. This can be complicated, stressful and finance consuming. With such, you can’t escape from wasteful insurance spending. But when you buy all your policies from one source, you position yourself for multiple discounts.
Auto insurance we all know is compulsory unlike homeowners insurance which is optional. However with the rising waters, it’s almost becoming compulsory to get your home insured. Threfore, if you are a landlord and own one or more cars, get combined auto and home insurance package to save hugely on your annual premium. Taking this tep will get you between 15% to 20% discount on your cost. I believe this saving could be useful in other areas of your need.
Combining your policies will also save from multiple payments. You wouldn’t pay separate deductibles on each policy rather it will be combined for both. Assuming you have about $1,000 deductible for your home and $400 for your vehicle seperately, a combined policy deductible may be less $200 from $1,400. Same applies to your premium; you will have a reduced rate.
If you own a house and a car, the best way to ensure you get the right policy is to get and compare quotes from different insurance companies. To be sure of what you will be saving, first request for your home quotes and auto quotes seperately using an insurance comparison website. The process is free and non-obligatory. Get the quotes and compare.
Secondly, select at most three of your preferred providers out of the lot. Contact the representaives of the companies and inform them of your desire to combine your policy. They will reach out to you with fresh combined home and auto insurance quotes.
On receiving the quotes, place them side by side with the quotes you received sepeartely. You will definitely discover how much you will save annually. After this, then decide.
I believe this little information will help you cut down cost on insurance.
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