A home and auto insurance bundle is a marketing technique that insurance companies use to increase their revenue, and it can save consumers money. Just like anything else it’s something that you should embrace only after doing your homework to ensure that it’s as good of a deal as it sounds.
While it might sound like something that your telephone company offers by offering you TV and internet too, it has probably been around just as long if not longer.
How Bundling Home and Auto Insurance Works
The truth of the matter is that insurance companies want to make as much as they can when it comes to insuring their customers. A single policy provides them with minimal return, which is why they have embraced the power that home and auto insurance bundles have for their bottom line.
Just because you weren’t offered the opportunity doesn’t mean that it isn’t something that could be made available to you. Just ask your insurance company whether they offer the opportunity to bundle. As far as how you pay your insurance when you go this route, you’ll only be responsible for a single payment rather than multiple payments.
The Benefits of a Home and Auto Insurance Bundle
This might seem too good to be true, but we’ll let the benefits speak for themselves.
· Get more leverage than you would have with a single policy.
Accidents and filing home insurance claims will give insurance companies a reason to start looking at how they can drop you. If you have multiple policies with them, they will be more apt to work with you than you could expect by just having one policy with them.
· Save money with the discounts that are offered when bundling home and auto.
This is where shopping around works to your advantage. The whole idea of home and auto insurance bundles is to provide you with an incentive to bring over all your policies to a single company. Therefore, you’ll find that your payments may be a lot cheaper over the long run.
· With companies that provide online services, you can view all your policies at once.
Providing customers with access to an online portal is becoming commonplace within the insurance industry. If you go with the bundling approach, you can view as well as manage all of your policies in a single place which saves a lot of time.
If you have a vehicle and a home, this is definitely one of the better approaches that are available to you as it saves you a lot of time and can save you a little bit of money too. Keep in mind that not all of the best deals are easily seen, so as it was mentioned earlier, be sure to do a little bit of shopping around.