The short answer to that question: Almost always. Almost all insurance providers offer more than one type of insurance. Many offer home, auto, and a wide range of others. Often times, substantial discounts and some other benefits await policyholders who buy more than one type of coverage from insurance providers.
Many people go for years carrying separate policies, when in fact, they could have been saving more money all along. Often people end up buying insurance on the spot when they buy a home or a car, using companies suggested to them by the professionals surrounding them, and then they never end up following up on quotes with the companies they’re already insured with. However, taking that extra amount of time to combine policies will definitely come back to you in many beneficial ways.
While you may find that the savings on premium is good, it’s also important to make sure you’re comparing the coverage on each policy as well.It’s true that you get what you pay for, and giving up extra coverage to save just a few dollars isn’t worth it, because if you have an accident, you’ll end up either paying more out of pocket yourself which adds up to be more than what you saved, or you’ll end up with a poor insurance company that doesn’t have a great track record when it comes to customer service, support, and claims experience.
Ready to read more? Check out a post that outlines all of the specific benefits and drawbacks to bundling your insurance policies. Read more here.