Do you have home and car insurance policies with different insurers? Ever wondered if you should consider keeping them with the same insurer?
Convenience and savings are the 2 main orders people are putting in when it comes to the necessities of life, so this is a question worth asking. Think about it. Nowadays, we’re all about using multi-functional items to extract more value and save time, or buying in bulk from the same grocery store to take advantage of good deals and avoid driving around.
Why not do the same with your insurance policies? We’ve narrowed down the details about combining your insurance policies under 1 roof so you can see if this approach works for you.
Why combining your policies = savings
Why do people tell you that you could save more if you insure your car and your house with the same insurer? What’s the magic behind all this money-saving? Is it a scam? The truth is that it’s really quite simple. Most insurers offer this, not out of the goodness of their hearts… But because a combined car and home insurance policy means that the insurer is getting more cash from you, which is how they can justify their, ehem, generosity of giving you a discount.
This way, you don’t have to decide which of your extremely expensive assets to insure first. You can cover your car and house at the same time and revel in the savings.
The logic behind combining insurance policies
Think about it this way: You’ve gone to the 7/11 for that special on bin bags, then popped into Makro for a bulk pack of discounted toilet paper, and then driven to Checkers for their marked-down washing powder… While you think that you’ve saved a quite a chunk of change, a lot of this money has actually gone towards the fuel and time away from being productive that you used to hunt the deals down. In the end, all that running around for the specials ate up your savings.
The same can be said of completing multiple online quotes or taking the time to do quotes over the phone in search of the cheapest insurance for your car and then the same process all over again for your home insurance. It’s far better to search for the most affordable cover for all your insurance needs and benefit from a discount for combining your policies with 1 insurer.
Some insurers, like King Price, even offer additional savings when you put more than 1 car on the same policy. So, while you’re getting a combined quote for your car and home insurance, ask for their ‘multiple car discount’. You could save up to 20% off your car insurance alone!
Your stuff is important and it deserves to be protected against having to be repaired or replaced out of your own pocket. That’s why you should look for an insurer that offers a wide range of products for a super affordable price, and will give you a good deal on combining your policies.
Thankfully, you can do your snooping around online because most insurers put everything you need to know on their websites. For example, you can hit up King Price’s website and if you’re still not sure, you can give the royal insurer a call on 0860 50 50 50. Their super friendly, royal consultants will help you out with a quote in just a few minutes.