Some companies just do not offer bundling options because these are indeed not the mainstream idea yet. Your best bet is to go for big names in the industry, which often provide plenty of choices in terms of multi-policy and multi-car insurance. Most online car insurance estimator tools can only calculate the price for one particular type of insurance only. There are also some of them that calculate multi-car insurance; this means the tool works to calculate only car insurance estimates both bundled and stand-alone. In other words, such a car insurance calculator cannot predict the price appropriately if you plan to combine coverage policies for cars and other types of assets such as properties. |
The official websites of some insurers even have better options allowing you to see car insurance estimate either as part of a bundled package or stand-alone policies. This feature is, however, not available from many companies yet. An independent agent is the best car insurance estimator you can get. This person does not only calculate but compare and makes suggestions. You can choose to talk with a captive or independent agent to get a better understanding of how to bundle car insurance and how it affects the premium.
In this case, a captive agent may try to persuade you to purchase the bundled package simply. This agent works for the company and tries to make as many sales as possible. An independent agent is the better choice since this person works for the customer and tries to find the best coverage policies for your needs. Both types of agents should be able to tell your exact car insurance estimate whether or not you bundle it with other coverage policies. Another big difference is that an independent agent can compare prices between various companies objectively without trying to persuade you to purchase from any particular company. If you cannot find the right car insurance calculator for your need online, an independent agent is your best choice. In fact, an independent broker will not only be a reliable car insurance estimator, but this person can be a consultant for your needs too.
Discounts for Multi Car Policies The multi-car policy is one of the most common discounts available from all auto insurance companies. If you have two or more vehicles, and you have them insured by one insurer, this discount is automatically applied. It means you bundle car insurance for two or more vehicles. As briefly mentioned above, some online car insurance estimators have such features, so you may not need to ask help from a professional independent agent to do the calculation. Regardless of the discount, it is unlikely that the car insurance estimate for a multi-car policy will be cheaper compared to the rate of a single-vehicle. The eligibility requirement depends entirely on the company’s decision, but the cars usually should be owned by the same household.
Multi-Policy Discounts The easiest way to get discounts is to move all the policies under one insurer only. This allows you to manage the entire monthly premium bills more efficiently as you only have to deal with one insurer. Among all the discounts provided, multi-policy is probably the biggest and best you can get from an insurance company. Please remember that only some big companies have such features, yet you still have to compare the coverage and prices to get the best based on your circumstances. A simple online car insurance estimator will not be able to predict the amount correctly since this kind of bundle only involves too many variables in the calculation. An insurance agent can give an accurate car insurance estimate, in this case, so you will want to consider working with one.
Conclusion If you bundle car insurance with other types of coverage for other assets, you get all the benefits of either multi-car or multi-policy discounts and the ease of having everything handled by one single insurer. For this particular situation, it is probably best if you ask help from an independent agent rather than an online car insurance calculator to predict the actual premium rates you need to pay. The car insurance estimate calculated by the representative will be more accurate; such agent will even compare the prices between many different companies to find the best deal for you.
What you will find by comparing the prices can be quite surprising too. Sometimes it is cheaper if you do not bundle car insurance with any other coverage. Prices for auto insurance coverage are very competitive nowadays, meaning there is probably a company that offers very affordable coverage for car insurance only. Bottom line, conducting a little research and consulting an insurance agent are always brilliant ideas before you decide to go for any coverage bundling.
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