4 Things To Consider When Shopping For Home And Auto Insurance

Insurance Blog

Shopping for home and auto insurance sometimes can go hand-in-hand because many homeowners also need to get auto coverage. Insurance companies provide their customers with the option to combine these coverages so you are able to have both your auto and home insurance under one company and are able to pay the monthly cost for having them all at once. When you are shopping for home and auto insurance from an insurance company, here are four things to consider:

1. The Discount: First off, you want to know just how much you will be saving by combining your auto and home insurance with this one company. The savings should be significant and you will want to compare this discount with other insurance companies that you are receiving quotes from. You will also want to know what other discounts are available to you since these discounts can vary from insurance company to insurance company. 
2. The Payment Plan: Most likely, you are going to want to split your insurance costs into monthly payments instead of paying up front. If this is the case, you will want to know how much you will be paying in fees to do this. Typically this number isn't significant, but it can add up over time, so you want to be sure that you compare the cost of these fees with other companies. 
3. The Higher Deductibles: When shopping for home and auto insurance, you should see just how high you can set your deductible in order to save money. Of course, you must be sure that you will be able to afford this deductible in the case of an emergency. However, the higher you set your deductible, the more money you will save. This is because insurance companies provide discounts to those who set higher premiums because it's less money out of their pocket when it comes to paying for damages. 
4. The Items Not Covered: For both auto and home insurance, you should see what items will be included in coverage and what items will not. This will help you determine whether or not you need additional coverage and you can decide which insurance company is going to provide you with the most coverage on your personal effects. 

By considering these four things when shopping for home and auto insurance, you can be sure that you end up with the best and most affordable policy that works for you. For more information, contact a professional like those at Keyes Insurance Services Inc.

24 October 2015