Bundling Your Insurance Policies: What It Means and How It Can Help You Help Save Money

Check Out These Tips for Bundling Your Home and
Auto Policies to Make Sure You are Getting the Best Deal!

Insurance is a non-negotiable expense
in many households. That being said, you’ll want to be sure you’re getting the best
coverage for the price you’re paying by taking advantage of discounts along
the way. If you own both a home and a
vehicle, there’s a good chance you would benefit from bundling your policies
together. Bundling policies offers several advantages which can allow you to
get the most out of your insurance. Continue reading to learn more about
bundling your insurance policies and the perks that come along with it.

What Does
Bundling Your Policies Mean?

An insurance bundle is a simple way of stating
that a policyholder carries multiple insurance
policies under one company. Bundling your policies can not only make
managing your insurance easier, but also cheaper.
One incentive that is frequently offered for bundling polices is a discounted
rate. This discount is often referred to as a multipolicy
discount.

What Advantages
Are There to Bundling?

Bundling your policies can come with a wide
variety of benefits. Although these benefits will likely vary between carriers,
two of the most common advantages of bundling are the money you will save on your
policies and the time you will save managing your policies.

Discounts
will vary by insurance company; however, you may save an average of 5 to 25
percent on each policy. The national average of savings when bundling your auto
and homeowner’s insurance is around $200 on your annual
premium.

When you bundle your policies, your insurance
carrier becomes a one-stop shop for all of your insurance needs. By having all
of your insurance policies with one carrier, they will be familiar with the
full extent of your insurance history, which can be very useful if an issue
were ever to arise.

For anyone who struggles with remembering to pay
their bills, bundling policies can be a
convenient way to consolidate payments. Additionally, if you utilize electronic
funds transfers for  your monthly
bills, you may be eligible to receive additional discounts.

How Do I Bundle
My Home and Auto Policies?

If you are interested in bundling your insurance
policies, a good way to start is by contacting your insurance agent. Your agent should be
able to help you find the best combination of policies to fit your coverage and
budgetary needs.

Asking your insurance agent about available
discounts is a good way to ensure you are getting the best deal. Be sure to see
if you are eligible for discounts related to electronic funds transfers,
advance payments, defensive driving, or driving behaviors.

Bundling policies
can be the start of a long-lasting relationship between you and your insurance carrier.
It’s important to do your research to make sure that you are getting the best
deal from a company that best fits your needs. For more information about
bundling insurance polices and policy discounts with NYCM Insurance, check out
the link below!