Bundle Your Insurance for a Multi-Policy Discount

Category: Agency News & Information

There are a lot of strategies to save money on your insurance premiums. From comparing all of your available policy options to raising your deductible, savings can be found in many ways. However, one of the most effective, and easiest, ways to save money is to buy multiple policies from the same provider and benefiting from a multi-policy discount.

Commonly referred to as bundling, buying multiple policies from the same insurance company can dramatically reduce your coverage costs. In some cases, adding a second policy to your existing coverage can cost just a few dollars a month – much less than if you purchase your policies individually.

Explore Your Bundling Options

Savings can be easily obtained by bundling your policies together. For example:

• Buying multiple policies: Many home insurance providers offer discounts to customers who purchase multiple policies from them. Buying your home and auto insurance from the same provider allows you to obtain an often significant multi-policy discount. In many cases, you can save hundreds of dollars a year by buying multiple policies from the same provider.

• Adding motorcycle insurance: Multi-policy discounts can be obtained by insuring your motorcycle with the same company that provides your auto insurance.

• Powersports bundles: Purchasing boat insurance and ATV insurance together can be a great way to save money. In many cases, the more equipment you insure, the more you can save.

• Adding a second home: Insuring a second home, whether it is a vacation home or a rental policy, is often less expensive when you purchase the coverage from the same company that insures your main home. In some cases, the costs of insuring a second home can be dramatically minimized when bundling the coverage.

Can you save by bundling your policies?

Nearly everyone can save money by bundling their insurance policies, however, since each provider offers different discount programs, it is helpful to talk to your agent or insurance company about the available discounts you may be eligible for.

Have you bundled your policies and saved money? Share your experienced with your neighbors in the Manassas area by posting in the comments section below.

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