Home & Auto Discount
My Insurance Broker
Aug 31st, 2016 at 01:16 pm • Richmond Hill, ON
Why does combining home & auto insurance affect my insurance premium?
It often pays to combine both your home & auto insurance policies with the same insurer. By combining multiple policies, your insurance company is able to manage its insurance claims risk portfolio more efficiently and they pass the savings on to you. When you combine your home & auto policies, you may become eligible for a combined policy discount. Ask your broker which carriers are the best fit for you when combining home & auto policies.
How much can I save on insurance by combining my home & auto insurance?
Combining home & auto insurance can affect your insurance premium, and you may be eligible to save between 10 – 17.5%. In addition to the existing savings you receive with My Insurance Broker, you can save a further 5 – 10% if you have systems in your home that lower the risk of claims such as a home security alarm and/or sewage backup protection as those systems are highly recommended.