4 Advantages of Bundling Home and Auto Insurance

Advantages of bundling home and auto insurance

Are you looking for ways to save on your insurance? One great way to do this in Alberta is to bundle your home and auto insurance together – and saving money isn’t the only benefit. 

These are the top advantages to bundling home and auto insurance together:

  1. You have just one insurance company to deal with.
  2. With many companies you only have to pay a single deductible if both your car and home are damaged.
  3. You receive discounts on your policies that save money on your premiums.
  4. Insurance companies consider all the business you have with them when reviewing a renewal. If you have claims, then they may look more favourable at renewing the policy if you have both lines of business with them.  

At Bow Valley Insurance, we’re here to provide you with the home and auto insurance you need. We can also help you save by bundling your home and auto insurance together.

1. You have just one insurance company to deal with

We all have so many bills to keep track of! Not only do you have to keep track of bills like your credit cards and utility bills but you likely have other payments too, such as your cell phone, Internet bill and more.

By bundling your home and auto insurance together, you can make your life much easier. You only have one company to deal with. So there are no worries about whether you remembered to pay your home insurance bill but forgot to pay your auto insurance bill or vice versa because you’re paying them together at the same time. 

2. You’ll only have to pay one deductible if both your car and home are damaged

These are some examples of when your home and car could be damaged at the same time:

  1. Your house and your car, located in your garage, are both damaged by fire. 
  2. A tree falls on your garage, causing damage to the garage and the car inside. 
  3. Someone has an accident and hits both your house and your car that’s in the driveway or garage.

With bundled home and auto insurance, most companies will have you only pay a single deductible, despite the fact you’re making a claim on both your home insurance and your auto insurance. 

3. You’ll save money on your premiums

The biggest motivator most people have to combine their home and auto insurance is to help them save money on their premiums.  After all, you don’t just want to streamline your bill-paying process or decrease the potential deductible you’ll have to pay – you want to start saving money right away.

4. Insurance companies consider all business when renewing.   

Finally, another good reason to combine your home and auto insurance policies is that your insurance company reviews all business that is insured with them at the time of renewal.  If you were unfortunate to have multiple claims the insurance company may look at ways to renew your policy in a more favourable manner then if you only had one line of business.  

While insurance companies understand that the whole point of insurance is to make a claim when something goes wrong, they aren’t necessarily keen on keeping clients who make frequent claims.  If you have all your business with them then they will consider all options to renew your policies.  

How can Bow Valley Insurance help me with home and auto insurance?

If you’re looking to get top-notch home and auto insurance, then you’ve come to the right place. 

We’ve been providing insurance coverage to Canadians for over forty years. We’ll work with various Canadian insurance companies to make sure that we get you the best price on home and auto insurance.

We understand that you’re busy, but you still need to find home and auto insurance that fits your needs and budget. That’s where our insurance advisors can save you time and money. They’ll shop around to find you coverage that suits your needs – at a price that you can afford.

When you contact our office to learn about home and auto insurance, our knowledgeable agents can explain:

  • Who needs to have home insurance and auto insurance.
  • What factors affect your home insurance premiums and your auto insurance premiums.
  • What kind of discounts you may be eligible for. One of the best and most accessible kinds of discounts to qualify for is our multi-policy – where you bundle your home and auto insurance together.
  • What kind of car insurance is mandatory. This includes liability and accident benefits coverage.
  • What kind of additional car insurance coverage you may be interested in – collision or comprehensive coverage.   Endorsements such as the limited waiver of depreciation, accident rating waiver or loss of use coverage, which covers the cost of a rental car while your car is being repaired after an insured loss.

Our goal is to make home and auto insurance simple for you. You just need to provide us with some pertinent information about your car and home, as well as your driving record and driving habits, and we’ll shop around to get quotes for you. Once we’ve done that, we’ll explain your coverage options, including details about coverage limits and deductibles.

Take Advantage of Bundling Your Home and Auto Insurance

Now you know four of the advantages to bundling home and auto insurance together:

  1. You’ll only have to deal with one insurance company.
  2. If your home and car are damaged at the same time, you’ll only have to pay a single deductible. 
  3. You will save money on your premiums. 
  4. Insurance companies consider all the business you have with them when reviewing a renewal. If you have claims, then they may look more favourable at renewing the policy if you have both lines of business with them. 

We’re here to provide you with the home and auto insurance you need. We’ll save you time and money by shopping around to ensure you get the right insurance coverage at a price that works for you. 

We’re happy to answer any questions you have about home and auto insurance and how you can save money by bundling your insurance policies together.

Contact Us About Home And Auto Insurance

For more information about home and auto insurance, call Bow Valley Insurance at 403-297-9400 or contact us here.