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Auto and home insurance providers, like any other company, want their customers to buy as many of their products as possible. To that end, they often “bundle” their products together as a means of getting their clients to make a greater commitment to the company. There is definitely value in this for the client, as well as the company.
You should consider bundling your auto and home insurance if you’ve found a particularly good provider for either policy. They may even make the deal more attractive by giving you a bonus for adding your vehicle or house to your existing package, thereby increasing their business and potentially reducing your payments.
If you’ve found a very good insurance agent, consider having them help you combine your auto and home insurance policies. With the advent of the Internet, many wonder why insurance agents are even needed anymore as anyone can purchase their own policies and generate their own quotes. Services such as combining policies represent one of the best services insurance agents offer. They’ll know the companies that do it in the fashion that best suits your needs and may even be able to save you more than you thought. When you’re getting both your auto and home insurance policies through one agent, they have even more reason to give your needs extra attention.
Usually, the best time to combine your auto and home insurance is when one policy or the other is about to expire. As you investigate different companies, you’ll find that most of them will ask you if you have a car or a house you need to insure, depending on what sort of insurance you’re buying from them at the time. This can work to your advantage or disadvantage. If you’re making a step up as far as companies go, it would make sense to take advantage of the offer. If you’re unsure about the company, give them a chance to prove themselves before you put all your valuables in their hands. If things seem to be going well after your policy has expired, you may want to give them a chance at insuring both your house and your vehicle.
If you’ve just purchased a house, combining auto and home insurance makes great sense. Since there is so much financial moving around going on during a home purchase, anyway, it makes sense to get it all out of the way at once. Between being a new homeowner and having more than one asset to insure, you may find insurance companies stumbling over one another to meet your needs. Use that to your advantage and consider making the combination at that time.