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That Cheaper Quote May End Up Costing You Money

One of the benefits of using the same insurance company for multiple areas of coverage is the savings that comes from “bundling” coverage. Insurance companies know that it’s more efficient for them to have multiple policies for a customer. As a result, many offer discounts when a customer has their homeowners, auto, boat and similar policies all with the same insurer.

If you’re a homeowner, for example, it’s a great way to save money, and get the good service you’ve come to rely on by having one source for all your insurance needs. There is a temptation, however, to seek out lower costs, particularly for the highly competitive auto insurance market.

We always want the best for our customers, and sometimes another carrier can provide a better rate. Just keep in mind, if you have bundled policies (with us or someone else), switching your auto insurance cancels the bundle, and most likely your homeowners and other insurance will actually increase more than any anticipated savings.

Unfortunately many homeowners don’t realize this until after they’ve made the switch. If you’re thinking about changing to another provider for any of your coverages, please give us a call to discuss your policies and the possible impacts. We’ll never fault you for seeking a lower cost for you and your family – we simply want you to make the most informed decision possible.

Chances are, we’ll also have some suggestions for reducing your current policy costs, either through increasing the deductible, or quoting one of our other carriers. If you have questions, don’t hesitate to call!