Ways that homeowners save on their auto insurance.
If you’ve just purchased a home, then you may be feeling a little strapped for cash. Fortunately, homeownership comes with certain financial benefits. For instance, owning a home can help you save on your auto insurance. Here are some of the ways that homeowners can save on their auto policies.
Bundle Home and Auto Insurance Policies
One reason auto insurance is cheaper for some homeowners is that that they secure an auto policy from the same insurance company that they insure their home with. This allows them to bundle these two policies, which automatically unlocks savings for both forms of coverage.
Maintain Good Credit
Some homeowners may also get access to lower auto insurance rates because they have a higher credit score than non-homeowners. Typically, homeowners have better credit scores and more stable finances than individuals that do not own a home. This is particularly true for homeowners who have successfully paid off their mortgage. Because auto insurers factor in your credit score when determining your auto insurance premiums, the better your credit, the lower your car insurance rates will be.
Secure a Home in a Safe Location
Homeowners can save on their auto insurance if their home is located in a safe part of town and if they keep their cars in a secured garage. Auto insurance providers might offer these homeowners lower rates because they consider their cars at lower risk for theft and vandalism.
These are some of the ways in which homeowners can save on their auto insurance. Do you have more questions about your home or auto coverage? If so, then contact the experts at Gant Insurance Agency for the assistance that you need today.