Whether your home and car insurance policies are bundled or you are contemplating bundling them, there are a few things you should consider. One of the most common misconceptions of bundling your insurance policies is that you are guaranteed to save the most money.
However, that is not always the case, and shopping around may be in your best interest.
What Does It Mean to Bundle Your Insurance Policies?
There is an insurance policy for practically everything in life. Bundling your insurance policies simply means that you are buying different policies (life, home, auto, etc.) from the same provider, which may or may not be the best solution for you.
There are several benefits to bundling your insurance policies, including discounts. Depending on the provider you choose to bundle your policies with, you could potentially save up to 25% annually on your premiums.
Another benefit of bundling your policies is that you only have one company (provider) to work with. This means you can make claims, pay premiums, and manage or view your policies under one app or website. It also helps to limit the exposure of your online banking information, if you make online or automatic payments.
Having too many home or car insurance claims can often lead to your insurance provider dropping you. But if your insurance policies are bundled, you may reduce the chances of that happening.
The above are all substantial benefits for many individuals to choose to bundle their insurance policies. However, it may not be right for you.
If your immediate thought is to bundle your policies, you may be shortchanging yourself by not spending more time shopping around and comparing prices. You may find a better price and quality of coverage if you choose not to bundle policies.
Helping You Shop for the Best Home & Car Insurance Policy
Bundling home and car insurance policies can be beneficial, but it may not always be the best solution for you. At GWK Insurance, we can help you find the best home and car insurance policies for your budget and coverage needs, which may or may not be bundled. Contact us today to start shopping for the right policies for you.