How to Save by Bundling Auto and Home Insurance
Is it possible to save money on auto and home insurance? Yes! The knowledgeable agents at Schmidt Insurance Group can explain the benefits of bundling together these policies to reduce your costs.
Why Choose Schmidt Insurance Group?
If you are thinking that “where” you buy your insurance is not important, this misconception could be costing you money, service, and protection. There is a difference.
At Schmidt Insurance Group, we do our best to design the best plan for protecting your finances, your family, your property, and your prized possessions.
- We are members of the PNW community.
- We take time to understand your unique needs.
- We are specially trained in high-net-worth households so that we can help you find the best possible coverage.
- The up-to-the-minute technology we use will make your insurance experience easy and convenient.
- We’re passionate about customer service and committed to being there whenever you need us.
- We welcome the opportunity to earn your business.
- We know our Schmidt!
Home Insurance: How are Rates Determined?
Insurance companies consider many things when determining your home insurance rates, from the number of people living in your home to the shape of your roof! These are the main factors:
Location: Do you live in the woods, surrounded by shrubs and grasses? This could make your home vulnerable to fire. Does your neighborhood have a history of break-ins? Is there a fire station nearby? The location of your home is one indication of how risky it may be to insure.
Characteristics: The size and type of home you own can also affect your insurance rate, but there are other factors:
- Age: Older homes typically cost more to replace, so the older your home is, the more it will probably cost to insure.
- Structure: Masonry/brick homes withstand wind better than wood frame ones. On the other hand, frame homes are better able to withstand earthquakes.
- Garage: Your 3-car garage will probably be broken into more often than a 1-car garage (because it can hold more stuff). More risk often equates to higher insurance premiums.
Home Insurance: How are Rates Determined?
Age: You may be an excellent driver, but statistics show that younger, inexperienced drivers are involved in more accidents than older drivers. But, don’t feel offended! The accident risk increases again and premiums rise for folks in their 70s and 80s.
Profession: Believe it or not, what you do for a living can affect your auto insurance premium. For example, delivery people are more likely to be in an accident, while airline pilots are a lower risk since they spend little time on the road.
Location: Where you live impacts the cost of your car insurance, even in different parts of the same city. More densely populated neighborhoods with more cars mean you are at a higher risk of accidents, theft, and collisions with injuries.
Mileage: If your commute to work is long, you may pay more for insurance than someone who only uses their vehicle to run errands on weekends.
The car: Some cars are more likely to be stolen, lack safety features that prevent accidents, and are more costly to repair. Owning a car with a high safety rating means there is less chance of the insurance company having to pay for your or your passengers’ medical bills.
When Schmidt Insurance Group bundles your home and auto insurance together, we give you what is called a “multi-line” discount or a multiple policy discount as an incentive for having both policies with us. Discounts can average 10% or more.
If you want to know more about how to save money by bundling your auto and home insurance, our Schmidt Insurance Group agents can help you get the savings you’re looking for. Stop in for a visit today, or give us a call at (503) 206-0881 for more information.
