Is there an advantage to getting your auto and home insurance through the same company?

Is there an advantage to getting your auto and home insurance through the same company?

I'-m a first time homeowner preparing to purchase my first house, and I'-m looking into auto and home insurance rates. It looks like my best bet is to go with Progressive for auto and Liberty Mutual for home insurance, but I was wondering if there'-s any advantage to getting both insurances under the same company. I'-ve looked at rates at other companies, and either the auto or the home insurance at the same company is just way too high.

Guest

Having multiple insurance coverages in one insurer provides additional benefits such as discount,

TedEx

Usually there is a discount if you have both policies with the same company. Also, it is easier to budget, because all premiums are combined onto one bill.

mbrcatz

There can be. Most insurance companies offer substantial discounts on the policies, for having both policies with the same company - up to 40% off, depending on the company, the policy, and your state.When you're looking at rates, ask to compare WITH a "companion credit" or "package credit" or whatever the name is that they call it. You might be VERY surprised.One more thing - you ALSO should go check with complaints, at your state insurance department website. Here in Texas, Liberty Mutual has the highest percentage of "upheld complaints" - where they unfairly denied coverage, the customer complained, and the insurance commissioner agreed that Liberty Mutual was acting unfairly.

Zarg222

I get multi-policy discounts from my insur co for doing thatcar insur is going to depend on your car year, make and model, your age, your zip code,deriving history, details on types of coverage chosen and miles driven annually -homeowners insurance shouldn't vary much between companies for the same coverageget quotes for ALL your insurance as a "package" with multiple companies and see which one saves you the most overall for EXACTLY the same coverage

Laura

Usually insurance companies will cut you a deal if you use more than just one of their services.BUT you have to ask for a discount before you agree to any of the services.If you have any military in your family I would definitely recommend going with USAA. They have the most inexpensive plans and are very flexible with your budget.If you dont have any military and can't join USAA...well...DONT go to farmers.

Ask

insurance

Popular Q&A

Would corporate auto insurance be less expensive/cost effective than personal/consumer auto insurance?
OK, here's the scoop. I've done this from both points of view. For a while, about 10 years ago, "youthful operators" and bad drivers were trying to avoid surcharges by putting personal use vehicles on a commercial policy (because commercial policies don't use "points" to surcharge drivers)...

What if there was never a constitution how would our lives be like?
Prior to the Constitution (and Bill of Rights), there was The Articles of Confederation. Each state was far more independent, to the point that each had its own militia (now The National Guard), its own Treasury, mint, postal system and currency. Interstate commerce was a royal pain in the...

What will happen to my life insurance policy if AIG goes down?
Almost every state has a "guaranty association" or "guaranty fund" that handles insurance bankruptcies much like the FDIC handles bank failures. Guaranty funds pay your claims up to a certain limit, usually $300,000 for home, auto, and life insurance policies, if your insurer becomes insolvent...

What type of car insurance should I get in Michigan?
Michigan is a wierd state for insurance. If your car is worth anything, you will have to have physical damage coverage. Reason: If you are in an accident, the most you can collect is $500.00 from the other insurance company ( it is called a mini tort) unless you ae legally parked at the...

If I register my three vehicles to a business will the insurance be less expensive?
It will personally cost you less to insure your autos with your commercial policy, but it won't actually cost less to insure the vehicles. If you use them in your business, and you have personal auto policy coverage on them, you have to pay an extra charge because of business usage. If you...