Do you ever feel perplexed by the wide range of car and home insurance options offered from different Kansas insurance companies? The entire process, from comparing rates to choosing coverage, can be complex, confusing and surrounded by ambiguity. If you wish you could simplify your insurance coverage while still saving on premiums, there is an insurance solution that might fit your needs. Continue reading to learn more about the winning formula for maximizing your insurance savings.
Bundled Insurance: The Fast Track to Insurance Savings
Insurance ‘bundling’ is a term used to describe two or more line of coverage purchased through the same insurance company. It is an attempt to acquire more of your business, since insurers know that most people with a home to insure are also likely to have other assets, such as cars, boats, or a business. In exchange for purchasing multiple policies, the insurer extends a discount – usually between 5 and 15 percent.
According to Bankrate, bundling coverage is one of the top 5 ways insurance recommend that you lower your insurance rates. It is a simple solution that can put money back in your pocket without sacrificing the amount of coverage in your car and home insurance policies. In fact, data cited by Insurance Business America suggests that the average person in Kansas saves $336 per year on premiums just by bundling their policies.
Other Ways to Save with Combination Car and Home Insurance
Purchasing your home and auto insurance from the same carrier might not only lighten your premiums, but it may also provide benefits when the time comes to file a claim. Some insurance companies offer package insurance, which combines multiple lines of coverage into one policy. You still enjoy the same discounted rates, only the policy comes with a shared deductible. This can prove beneficial should you need to file a claim for damages caused to your home and vehicle as a result of the same covered event.
Package insurance can include several different types of coverage, including home, auto, watercraft, RV, ATV, small business and coverage for your investment properties. It can also include umbrella insurance – often with higher limits than available with stand-alone policies. Keep in mind that since package insurance policies offer more complete coverage than individual lines of coverage, it requires a more intricate underwriting process. Furthermore, some insurers may have more stringent requirements to qualify for package insurance coverage as opposed to individual policies.
Use an Independent Insurance Agent
Many people describe shopping for insurance as a frustrating experience – especially when doing it alone or when shopping directly with the insurer. By working with an independent agent, you are working with a person who will help you sift through the fine print and to find the car and home insurance combination you want.
Since 2011, we here at Integrity Insurance have been helping our customers find bundled insurance solutions at affordable rates offered by several of the leading insurance companies in Kansas and elsewhere. We aim to provide you with all-around value and excellent service. Sometimes that means bundling your policies together for a discount; other times it might mean purchasing individual coverage. Either way, the goal is to achieve insurance protection at competitive rates with available discounts considered.