Getting Home and Auto Insurance from the Same Provider

Purchasing your home and auto insurance through the same provider could be a way to save money. This is good news, because most people who purchase a home already have cars as well.

First, let me start by explaining the need for (and the importance of) a home insurance policy. The primary benefit of homeowners coverage is the protection you get for your house and the contents within it.

But there's another big reason to start shopping for insurance early on -- you won't be able to buy the home without it. Nearly all mortgage lenders will require that you have homeowners coverage before the closing process. In fact, you'll probably have to submit a copy of your policy to them before settlement day.

So the next question is, where should I go to get insurance quotes on a homeowners policy? The Internet has certainly made this process a lot easier. These days, you can get online quotes for home and auto insurance coverage, which saves you a lot of time and energy. For example, you can use the box at the top of this blog to get policy quotes through InsureMe.com.

Multiple Policies for Home and Auto

Getting a quote through your current insurance company is another great idea, and that's the whole point of today's lesson. There's certainly nothing wrong with starting online for policy quotes, but you should also find out if your current provider offers discounts for home and auto insurance -- i.e., a multiple policy discount.

Of course, this will depend on which company you're using for auto insurance. If you're with a major company such as Farmers, then you'll be able to get both home and auto insurance coverage them (and you might save money by doing so). But if you car is insured through. But if you're with a company that only offers auto insurance, you'll have to go elsewhere to get quotes on a homeowners policy.

Here's what I recommend:

• If you currently have auto coverage, and you're in the process of buying a home, contact your car insurance company for a quote on the homeowners policy.
• You will need to provide the company with basic information about the home you need to insure, in order to get a quote. So you can only do this when you have an offer down on a house.
• Next, get some online quotes for home insurance like we talked about earlier. This will allow you to compare offers between your current company and others.
• If you're current provider offers multiple policy discounts for home and auto insurance coverage, there's a very good chance their offer will be lower than others. In that case, you're all set!
• Lastly, once your choose an insurer, you'll need to determine how much deductible you want on your homeowners policy, how much coverage you need, etc. This blog offers advice on these subjects as well.

Getting auto and home insurance through the same company is often a good way to get discounts on one or more policies. But you'll have to do some homework to find out if it's going to work for you. Get a quote for homeowners coverage through your auto insurance provider, and then get some additional quotes online. Compare the different offers for cost versus coverage, and pick the one that suits you the best.

Yes, it really is that easy. Purchasing home and auto coverage is a fairly straightforward process, and the whole process can be done within a day or two. I hope this lesson helps you get the right kind of coverage. Good luck!