Say my car insurance is with Company C and expires October 31 and my homeowners insurance is with Company H and expires January 31.
I saw somewhere that if I have both insurances with the same Company then I save money.
How do I line up the two insurance renewal dates so that I do not waste the money I paid for homeowners insurance between October 31 and January 31?
2006-09-05 12:44:23 · 6 answers · asked by Alex 5 in Business & Finance ➔ Insurance
YOU Will NOT lose the money for the Insurance -- BOTH can be put on the same policy -- and the renewal dates for the policies will be different.
Having both auto and homeowners insurance with the same company does provide (usually) with the benefit of a discount on the insurance -- how much depends on many factors -- including age of driver, the vehicle(s), where your home is located, etc.
2006-09-05 15:22:31 · answer #1 · answered by sglmom 7 · 0⤊ 0⤋
The only way to line up the effective dates is to switch one at renewal, and cancel the other policy on the same date. You would be better off switching your auto policy on the renewal date so you are not hit with a cancellation fee, which is typically 10% of any unused premium. I've never heard of any insurance company charging a short-rate fee when canceling a homeowners policy, so you'd be better off canceling on the day your auto policy renews. It typically is cheaper to keep both policies with one company, as the multi-line discount applies. However, if you have 2 policies effective on the same date, you will probably be looking at a higher down payment than if you decide to switch on the renewals.
2006-09-05 14:10:39 · answer #2 · answered by Rexy 3 · 0⤊ 0⤋
The two policies do not have to have the same effective date. If you have them with different companies I would check to see which company is going to give you a better price with the best coverages. I am an insurance agent and I have a lot of customers with different companies. I always look for the best price along with the best coverages. Also, if you do cancel your policy midterm you do end up losing some money. They will prorate the policy and it is usally in your best interest to wait until the renewal. Good luck. Make sure you check around and when checking around get quotes with the same coverages for comparison.
2006-09-06 04:09:36 · answer #3 · answered by blb 5 · 0⤊ 0⤋
get a quote at http://www.surfquotes.com for auto insurance. When you select a company tell them you want the homeowners insurance discount or get another quote and your current homeowners insurance company will get you a refund.
2006-09-06 10:00:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Contact the company. You will indeed save money by having both with one company.
Your renewal dates don't need to be the same with both policies; they can start each policy on a separate date.
2006-09-05 12:51:00 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Whatever date you choose to change to a new insurance provider is up to you. If you have paid premiums to your current provider that cover time periods after your switch over date, and if you properly notify them you are dropping their coverage, then you should receive a prorated refund for premiums covering future time periods.
2006-09-05 13:30:29 · answer #6 · answered by Newlungs2004 4 · 0⤊ 0⤋
you don't have to coordinate the dates, just give the new agent the info and he will take care of it
2006-09-05 21:00:40 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Just call them if they want your business they will work with you.
2006-09-05 19:20:56 · answer #8 · answered by CHEYENNE 3 · 0⤊ 0⤋
You will not lose money it will be prorated. SO do it now to start saving.
2006-09-05 14:55:53 · answer #9 · answered by Joe Man 2 · 0⤊ 0⤋
I take information thru them as they have good home and auto ins plans,
"http://www.kqzyfj.com/email-1961891-10425138"
"http://www.jdoqocy.com/email-1961891-10425136"
2006-09-05 20:29:22 · answer #10 · answered by Anonymous · 0⤊ 0⤋