Auto And Home Insurance - The Discount Savings You Can Get

If you're shopping for either auto or home insurance you may be able to save money on both. Here is some information about how that can work.

Insurance companies base their rates on a lot of factors that have to do with risk. So with car insurance, these factors include driving records, age of drivers, type of vehicle, the place where the vehicle is and more. For home insurance, these factors include the location of the home, the age of the home, the construction of the home, and any other risk factors such as a swimming pool.

Despite all of this "risk" talk, insurance companies do want your business so one thing they'll offer as a way to help you save is a multi-policy discount. This means that if you insure both your home and auto with the same company, they'll knock off some of your premium. This can be anywhere from five percent or higher.

These multi-policy discounts may also apply if you buy another product from the same company, such as life insurance. The key is to shop around for comparison quotes and ask what the discount would be. For example, you could request an auto insurance quote and ask what the difference in premium would be if the same company also insured your home.

You should try to get at least three different quotes because rates also vary a lot from one company to the next. You may be able to request both a home and auto quote from a company's Web site. Just be sure to enter the same information at each site when you get different quotes to make sure your comparisons are apples-to-apples.

Insurance comparison Web sites are places that don't represent a single company. These are convenient because you can enter your information once into an online form and get several different quotes back. They often have a "auto and home" form.

You also want to take advantage of any other discounts you can. For cars, this could be good student, senior driver, low mileage and more. For homes, this could be burglar/fire alarm, building materials and more.

Justin Scott is a free-lance insurance writer. He recommends the free insurance comparison site, The site also features tips about saving on home and auto insurance.

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