You can get substantial discounts if you purchase your auto insurance policy from the same company that provides your health and home insurance. It is called a multi-policy discount.
Although it pays to take advantage of a multi-policy discount, you may realize much more savings by buying your various policies from different insurance companies. I will take more time out to explain this...
We'll assume that a certain individua has the following quotes from three different insurers...
Insurer A...
Auto insurance: $2,487
Home insurance: $1,400
Health insurance: $2,320
Insurer B...
Auto insurance: $1,472
Home insurance: $2,120
Health insurance: $2,724
Insurer C...
Auto insurance: $3,500
Home insurance: $2,080
Health insurance: $1,640
You can see that Insurer B gives him the most affordable quote for auto insurance but does not offer him the cheapest quotes for health or home insurance..
So here's what he would get with a ten percent discount if he insists to still buy the three policies from Insurer B...
$1,472 + $2,120 + $2,72 = $6,316
$6316 - (10% of $6316) = $5,684.40
However, if he makes his purchases from insurers who offer him the lowest rates for each policy his total insurance spend would be...
$1,400 + $1,472 + $1,640 = $4,512
So Though he gets a multi-policy discount if he buys all his policies from one he'll not save as much as he saved by buying from different insurance companies.
Saving as much as $1,172.40 isn't one that should be passed off.
This is great; but how do you pin-point which would serve you better bearing in mind that another person might actually be better served by a multi-policy discount?
All that is required of you to do is only an easy procedure that will take you just minutes...
Create some time to obtain and evaluate quotes for each insurance policy from at least 3 insurance quotes sites. Calculate what what will be your multi-policy discount and compare it with what you will spend if you buy from various insurers. - 15224
Although it pays to take advantage of a multi-policy discount, you may realize much more savings by buying your various policies from different insurance companies. I will take more time out to explain this...
We'll assume that a certain individua has the following quotes from three different insurers...
Insurer A...
Auto insurance: $2,487
Home insurance: $1,400
Health insurance: $2,320
Insurer B...
Auto insurance: $1,472
Home insurance: $2,120
Health insurance: $2,724
Insurer C...
Auto insurance: $3,500
Home insurance: $2,080
Health insurance: $1,640
You can see that Insurer B gives him the most affordable quote for auto insurance but does not offer him the cheapest quotes for health or home insurance..
So here's what he would get with a ten percent discount if he insists to still buy the three policies from Insurer B...
$1,472 + $2,120 + $2,72 = $6,316
$6316 - (10% of $6316) = $5,684.40
However, if he makes his purchases from insurers who offer him the lowest rates for each policy his total insurance spend would be...
$1,400 + $1,472 + $1,640 = $4,512
So Though he gets a multi-policy discount if he buys all his policies from one he'll not save as much as he saved by buying from different insurance companies.
Saving as much as $1,172.40 isn't one that should be passed off.
This is great; but how do you pin-point which would serve you better bearing in mind that another person might actually be better served by a multi-policy discount?
All that is required of you to do is only an easy procedure that will take you just minutes...
Create some time to obtain and evaluate quotes for each insurance policy from at least 3 insurance quotes sites. Calculate what what will be your multi-policy discount and compare it with what you will spend if you buy from various insurers. - 15224
About the Author:
For more tips click here: Affordable Auto Insurance and Discount Auto Insurance. Chimezirim Odimba helps people save on insurance.
