Essay On How Bundling Lowers Insurance Costs
How Bundling Lowers Insurance Costs
It is not uncommon for people to have one insurance company that was recommended by their real estate agent for their home and another insurance company for their car and still a different one for their life insurance. This is mainly because many people keep the same life insurance company that their parent has had and follow the recommendation of their car dealer for their auto insurance. According to professional insurance and financial advisors such as https://www.statefarm.ca/agent/CA/AB/Calgary/Ted-Yan-GQB585PH9AK you can greatly lower your overall insurance costs if you bundle them together with the same insurance company.
Sometimes people buy insurance at the cheapest possible price, which may mean they use several different companies. However, cheaper is not always better, especially for insurance. At the moment when you really …show more content…
However, most insurance companies want customers who will stay with them for the long-term, and to achieve this they bundle car and home and to give customers a cheaper rate than if they insured each separately. The discounts continue to add up if you add another car and a life insurance policy.
One great advantage of having at least home and auto insurance bundled is that it may reduce your chances of being dropped if your driving record all of a sudden takes a turn for the worst. Insurance companies are less likely to drop the auto insurance of a customer who has a bundled account.
How Much Cheaper Is It?
If large insurance companies have more of your money to invest, they can afford to charge you less. Depending on all the circumstances involved with your driving record, type of car and driving habits along with the type of coverage you have on your house and life, you could safe from $3,000 - $5,000 or more every
It is not uncommon for people to have one insurance company that was recommended by their real estate agent for their home and another insurance company for their car and still a different one for their life insurance. This is mainly because many people keep the same life insurance company that their parent has had and follow the recommendation of their car dealer for their auto insurance. According to professional insurance and financial advisors such as https://www.statefarm.ca/agent/CA/AB/Calgary/Ted-Yan-GQB585PH9AK you can greatly lower your overall insurance costs if you bundle them together with the same insurance company.
Sometimes people buy insurance at the cheapest possible price, which may mean they use several different companies. However, cheaper is not always better, especially for insurance. At the moment when you really …show more content…
However, most insurance companies want customers who will stay with them for the long-term, and to achieve this they bundle car and home and to give customers a cheaper rate than if they insured each separately. The discounts continue to add up if you add another car and a life insurance policy.
One great advantage of having at least home and auto insurance bundled is that it may reduce your chances of being dropped if your driving record all of a sudden takes a turn for the worst. Insurance companies are less likely to drop the auto insurance of a customer who has a bundled account.
How Much Cheaper Is It?
If large insurance companies have more of your money to invest, they can afford to charge you less. Depending on all the circumstances involved with your driving record, type of car and driving habits along with the type of coverage you have on your house and life, you could safe from $3,000 - $5,000 or more every