Understanding discounts for carrying several policies (auto & home/condo/renter) with one insurance company can be confusing. We’re always working to help you maximize your discount opportunities and save money.

In the past, a multi-policy discount only applied to a home-type policy. However, discounts are now available on both home and auto policies, which can mean more significant savings:

  • Auto policy discounts with a home range from 8% to 10%, and
  • Homeowners policy discounts with an auto range from 5% to 20%

Here are several ways to take advantage of these discounts. If one of these situations sounds like you, please Contact Us to discuss how we can save you money.

New Drivers – In the past, parents providing a car for a new driver often put the young driver on the car title. The title name could make a big difference with the multi-policy discount. If the parent’s name is on the title, the auto could qualify for a 5%-10% multi-policy discount (depending on the insurance company) that otherwise wouldn’t apply. A $2,000 auto policy could mean a $200 savings. While there are some possible liability concerns to consider, it’s something to think about as a way of saving money. If you’re buying a car for a new driver, talk with us in advance to consider all options.

Condo Owners & RentersCondo owners sometimes rely on the Association’s “master policy” to protect their dwellings but don’t get their policy to protect their possessions. The same is true of renters who don’t get a tenant policy. What’s often overlooked is that these policies cover more than what you own; they also cover your liability if someone should be injured at your home. With multi-policy discounts, the savings on auto and condo/tenant policies often let you get better protection for just a little more.

Married Couples & Partners – When couples marry or move in together, they often have insurance with different agents. Consolidating your policies with one company can provide significant savings. Simply having two autos on the same policy can save you money. And, if you add a home, condo, or renter policy, you could save even more. Marriage often prompts a reconsideration of insurance; however, couples who live together and don’t marry should realize the savings opportunities available if they consider insurance purchases together.

Because situations are constantly evolving, it’s a good idea to review your coverage annually to ensure that everything is up to date and that you benefit from all possible discounts.

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