A combined car and home insurance policy can save you a lot of money, especially if you live in an area where insurance premiums are high. While offering the protection you need, these companies require you to pay lesser premium amounts, also reducing the policy fees for the combined protection.
In a broad finance perspective, two policies issued for your vehicle and your house results in incurring two administrative and policy fees associated with them, not to mention double the potential taxes and deductibles. Consolidating the two policies into one reduces the fees considerably since it accounts as just one insurance policy, sometimes known as the dual protection policy. Certain insurance companies offer discounts of up to 20 percent for the combined car and home insurance policies.
The best way to ensure that lower premiums are paid with good insurance coverage is to get as many quotes as possible. The internet is the best way to get quotes and they are generally cheaper that way.
Sensible protection devices like home smoke and burglar alarms and auto theft alarms may be expensive additions but in the long run, they provide safety and account for lesser insurance premiums. Living in secured compounds or areas with low rates of crime also reduces the amount paid towards a monthly insurance premium.
For cars, raising the deductibles to a higher value considerably reduces the premium amount, in some cases even by 50 percent. The collision part of the cover rate can even be dropped for a reasonably inexpensive car.
Most insurance companies have discounts at different times of the year, including seasonal discounts. There are no better ways to know about discounts and obtain them than to ask the insurance companies directly. It would also be beneficial to ask about future discounts.