Should I package my home and auto insurance with the same insurance carrier?

Packaging Home & Auto Insurance – Is the juice worth the squeeze?

There are all these commercials on TV telling you to bundle this and package that, but should you really place your home and auto insurance with the same insurance carrier? If you can, absolutely! In fact, this is a question we get on an almost daily basis at Livingston Insurance, and it’s an easy answer because it is a no gimmick, great deal for any insurance customer!

Whether you are looking for home insurance, auto insurance, boat insurance, or business insurance, having several insurance policies with one carrier or at least with the same agency has significantly more pros than cons.  It’s not as hard or as scary as everyone makes it out to be either.  The Juice is worth the squeeze in this situation!!!

Here are the main reasons why packaging your insurance is the BEST way to go:

Multipolicy Discount: 

Money off!!!  Up to 20% off annual premiums at most companies with a Home & Auto Insurance combo or Home and Life Insurance combo.  Depending on the carrier, this can be applied to BOTH your home and auto insurance (or even your home, auto and business insurance).  Why not save the 20%?  You have to buy both policies anyways!

1 Point of Contact:

Aren’t you busy enough?  Simplify your life and put all your insurance in one place.  So…1 point of contact, 1 phone number, and 1 company to remember.  Also, certain insurance companies allow you to put all your policies on one bill so 1 payment too.  Can’t get much easier than that!  The big insurance agencies may not have a 1 point of contact system, but anyone at Livingston Insurance Agency can handle your needs.

Accommodations:

This is one of those unspoken industry truths, but it is a common practice that insurance carriers give extra consideration on pricing, claims, and coverages when an individual has several policies with them.  Reason being you are investing and trusting in them so they are going to go the extra mile to ensure you are well taken care of.

Claim Handling:

If you happen to have a claim where a vehicle (your’s or another’s) damages your house and auto in the same claim, it can be a huge headache as the insurance companies may end up fighting over whose going to handle the claim.  What a hassle!  Placing insurance with the same carrier avoids complications like this because it is ultimately the same claims department paying the home or auto claim.

Finally, what squeeze?  Really, there is no extra work needed on your behalf to package your insurance coverages.  An independent agent will do all the work for you – gathering the pertinent information from you and other sources, searching for the right company fit, and quoting the coverages to you.  All you have to do is say “yes” and sign on the dotted line, well, maybe, 3 or 4 dotted lines, but either way its easy!

NOTE: There are times when you may only be able to place all your insurance with one agency, not one carrier.  Don’t fret! Most carriers prefer this to separate agencies and still give you several of the benefits listed above like accommodations and the convenience of one point of contact.

About Joe Popkowski