Fri, 27 Nov 2020

LOS ANGELES, CA / ACCESSWIRE / November 12, 2020 / Compare-autoinsurance.org (https://compare-autoinsurance.org) is a top auto insurance brokerage website, providing car insurance quotes online from trustworthy agencies all over the United States. This website has recently launched a guide that explains the main advantages and disadvantages policyholders get when bundling car and homeowners' insurance.

Combining car and home insurance in a single policy may see the smart thing to do. But besides advantages, there are also a series of disadvantages. Check our blog to find out more and compare car insurance quotes.

There are 3 major advantages for bundling these policies:

  • It will help drivers save a lot of money. Insurance companies want to be your top pick for all insurance needs, so they'll offer a bundle pricing discount. How much can you save? That may depend on where you live and the company.
  • The insurer will think twice before dropping a policyholder. If you bundle insurance, you automatically become more valuable to your insurance company. If you have a bad year and file multiple auto insurance claims, the company might be tempted to drop you unless you hold multiple policies.
  • Save big on deductibles. With a home and auto insurance bundle, you may only have to pay a single deductible when filing a claim for an event that damaged both your home and car.

But there are also cons of a home and auto insurance bundle

  • It's harder to leave. If you decide to drop the current carrier for both coverage, you will have to find another carrier to cover two assets or two carriers each for different assets. This may take a little more time and be more stressful.
  • Managing multiple accounts may not actually be easier. There are cases when the company handling your home insurance may be different than your car insurer, even if you opt for the home and car insurance bundle. For instance, if you bundle insurance through a carrier, an affiliated or partner company will provide your home insurance. So you'll still need multiple accounts and passwords.
  • Over time, the benefits of bundle pricing may evaporate. Many insurance companies, but not all of them, have a practice called 'price optimization.' This means they nudge up the premiums of customers year after year, little by little. And people tend to stick with bundle providers for the long term: according to one J.D. Power study, 46 percent of bundle insurance customers say they 'definitely will' renew with their provider, compared to 28 percent of customers without bundled plans.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit http://compare-autoinsurance.org

CONTACT:

Company Name: Internet Marketing Company
Person for contact: Daniel C
Phone Number: (818) 359-3898
Email: cgurgu@internetmarketingcompany.biz
Website: http://compare-autoinsurance.org

SOURCE: Internet Marketing Company



View source version on accesswire.com:
https://www.accesswire.com/616288/What-Are-The-Pros-And-Cons-Of-Bundling-Car-And-Homeowners-Insurance

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