Getting an auto insurance policy from the same insurer who provides your other insurance policies will get you a discount on all insurance policies. All insurance companies will usually offer a discount if you make a purchase of more than one policy from their company.

Nevertheless, it may not serve your best interest to do this as you might have more savings if you buy each policy from different insurers. I’ll shed more light on this…

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We will make-believe that a given insurance shopper received the quotes rates from different insurers when he shopped for different insurance policies…

Insurer A…

Auto insurance: $2,487

Home insurance: $1,400

health insurance: $2,320

Insurer B…

Auto insurance: $1,472

Home insurance: $2,120

Health insurance: $2,724

Insurer C…

Auto insurance: $3,500

Home insurance: $2,080

Health insurance: $1,640

You can plainly see that notwithstanding that Insurer B gives this person the best quote for auto insurance it didn’t have the most affordable quotes for the other insurance policies..

Hence, even if Insurer B offers him a 10 percent multi-policy discount his total insurance spend would be…

$1,472 + $2,120 + $2,72 = $6,316

$6316 - (10% of $6316) = $5,684.40

But look at what he would pay if he buys each policy from the insurer with the best quote for a given policy…

$1,400 + $1,472 + $1,640 = $4,512

Therefore Though he gets a multi-policy discount if he buys all his policies from a particular he’ll not save as much as he did by buying from different insurers.

Saving as much as $1,172.40 is not one that should be over looked.

So do you know which would be best in your case?

The way out is quite easy…

Get quotes for different insurance policies from five or more trusted quotes sites. Check what what will be your multi-policy discount and compare it with what you will spend if you buy from various insurance companies.