If you happen to own both a car and a home, you have luckily begun to enjoy a few of the most loved aspects of the American dream! It can be commonplace to just start looking for each form of coverage separately, but you can save time and money by effectively bundling the two of them. An insurance bundle also makes things immediately easier in the record-keeping department, and streamlines the monthly bill-paying process. Here on the blog today we will highlight some other great reasons to bundle your policies, and some insider tips on the process. 

What is an Insurance Bundle? 

When you purchase more than one policy through a single provider such as us here at the Alexander Insurance Agency of St Charles, it’s categorized as bundling. Some types of bundles can qualify you for discounts on your premiums, making it an excellent way to save money in a tight economy. The more you bundle the more you will save, which makes bundling a great option when your needs dictate more than one policy. Just having one provider to deal with each month will make things much less complicated as well. 

How do I Bundle my Home and Auto Insurance?

If you already have existing car coverage in place, you can see if your provider will give you a discount for adding a homeowner’s policy. The most important thing to remember here is to make sure that you get quotes from a variety of other companies first! It is always worth it to shop around and see if there’s a better deal available for you. Here are a few tips to ensure that you are utilizing various tactics to secure the best savings. 

  • Get Quotes: The most prominent insurance companies out there have very handy tools on their websites to Give you an estimate of what type of prices to expect as their customer. Entering some detailed information about you, your residence, and your car will allow You to obtain a valuable estimate. If you need to speak with an agent over the phone, it could be worth the time to gain some valuable insights. 
  • Shop Around: Things have become so very competitive and cutthroat since the pandemic within the insurance business! Some companies that offer bundling aren’t able to offer the same rates that others may.
  • Compare Coverage Types: Here it is important to remember that price shouldn’t be the only concern. You’ll want to make sure that this new bundle provides the endorsements that meet your needs, and ultimately provide a sense of security. It’s important to take your time, and openly discuss concerns with the available agent.
  • Choose Quality: It’s so very important to choose an agent and a company that makes you feel comfortable! Checking around to verify a company’s reputation is a good idea, as it makes sure that they are focused on customer service and satisfaction. 

Your Partner in Protection: How Agencies Can Simplify Bundling

Once you have an automobile, boat, or RV policy active and in good standing, you can save a good deal of money by bundling multiple policies together. Factors such as where you live, your claims history and your credit standing will affect your rates. Many agencies can offer substantial discounts of up to 25% when you choose to bundle multiple policies with them. Getting quotes from several different agencies will help you to understand the benefits you’ll enjoy, and how quickly they can determine switch-over time. 

Start Strong, Save Stronger: How Bundling Insurance Policies Benefits the Customer:

Bundling your insurance policies can sometimes provide immense savings of up to hundreds of dollars a year! The more policies you are looking into bundling, the more you can save. Some companies that only offer auto insurance may be able to offer lower rates than companies that provide many different types of coverage. Here are some of the ways that homeowners can save on their insurance policies:

  • Installing smart devices in your home
  • Owning less than 15 years old 
  • Completing recent renovations
  • Purchasing coverage for more than one vehicle from the same company 
  • Driving fewer than 7,500 miles each year
  • Signing up for Autopay

Savings With Substance: A Sound and Timely Financial Strategy

If you’ve recently purchased a home it may be convenient for you to bundle car insurance and homeowners insurance. The cake is cut, the dress is absolutely gorgeous, and honeymoon plans are finalized: if you have excitedly just tied the knot and become married, bundling insurance can save time and money when combining auto with homeowners. In some instances, you can combine your home and auto insurance deductibles, which can help if both losses are caused by the same event. Having to only pay once instead of twice will keep you in a bit of a calmer state during a time that can seem demanding and disastrous! 

The Switch to an Effective and Optimized Policy Future:

If you already have a homework auto insurance policy and you need to cancel, it’s a good idea to consider the precise timing. Providers may require you to give a 30-day notice before dropping the policy outright. If you terminate the policy before this time, it could result in early termination fees. When you contact your new provider to begin coverage on your desired bundle, some may require that the policy becomes effective on that date. The end of your current policy should be able to coincide with the start of the new one to avoid any lapse in crucial coverage. Some insurers may be able to offer policy bundles through affiliate separate-but-connected insurance policies. It is always a good idea to do a little bit of research to see who will be handling your policies if you find that it’s a good decision to make the switch. 

Our review team extensively researches the various available providers out there to offer an unbiased assessment of leading companies. We also consider the claims process and give higher ratings to providers known for a simple process. Reach out to us here today at the Alexander Insurance Agency of St Charles to find out about bundling options: no more juggling or dealing with different providers: our team makes bundling a breeze!