When it comes to finding the ideal price, you might be used to shopping around and buying different products from various stores. However, when it comes to insurance, it pays to get everything from one place. Here are a few of the advantages of bundling your home, life, and car insurance policies.

Why You Should Bundle Insurance Policies

1. Decrease Your Deductible

When you bundle multiple policies with the same provider, there’s a high chance you only need to meet one deductible for all of them. This is the amount you’re required to cover when you file a claim—such as after a car accident or if someone vandalizes your home—before the insurance takes over and covers the rest. This means that you might be entitled to a lower deductible overall.

2. Receive a Discount

Most insurance providers offer a discount as an incentive for existing customers to secure additional policies with them, which saves you money. On average, policyholders save 5% to 25% on their total premium costs when they bundle their insurance policies with a single carrier.

3. Increase Stability

When it comes to insurance, putting all your eggs in one basket could be the smartest choice. For example, if you have car insurance, purchasing home and life insurance from the same provider puts you in higher standing with the company. Therefore, if you rack up multiple claims on your car insurance, you’re less at risk of getting dropped—in other words, having your policy canceled.

If you’re hoping to find an insurance carrier with whom you feel comfortable bundling multiple policies, Robert Taylor Insurance is here to help. This independent insurance agency has been serving clients throughout Lorain, OH, since 1989, matching them with carriers and policies that meet their needs. To learn more about their business, home, and car insurance, visit the website. Call (440) 277-5191 to make an appointment.